Oil prices extended losses on Tuesday, dropping Brent crude below $ 46 a their lowest levels in nearly six years as overwhelmed and abundant global supply on Chinese data showing a record high and imports of China's major consumer of crude.

Hui Saran Alkiesaan 60% from the peak in 2014 recorded in June and losses exceeded 36% in the last seven weeks. And Brent crude for delivery in February by more than 3% to $ 45.84 a barrel, recording its lowest level since March 2009. The inn US crude to $ 44.90 after falling to $ 44.86, the weakest rate since April 2009. This comes despite the rise in China's imports of crude to a record high in December to exceed seven million barrels per day for the first time with the second-largest oil consumer in the world by exploiting the low prices to increase strategic reserves....