Oil futures sank on Tuesday as weak U.S. economic data dimmed crude’s demand outlook and pressured prices, while reports of a third-quarter decline in output from the world’s largest oil producers kept oil from falling further. Brent crude futures LCOc1 settled at $58.89 a barrel, a 36-cent loss, while U.S. West Texas Intermediate crude CLc1 settled at $53.62 a barrel, down 45 cents. The daily slides followed a session in which both benchmarks posted their largest quarterly declines of the year. U.S. manufacturing activity dropped to a more than decade-low in September as the U.S.-China trade war weighed on exports, according to a survey from the Institute for Supply Management (ISM). The ISM manufacturing activity index showed a reading of 47.8, shrinking for the […]