Oil falls amid demand concerns

SINGAPORE - Oil fell for a third day, the longest losing streak in six weeks, on concern economic growth in the United States and China, the world's two largest users, will slow.

Oil extended Tuesday's 3 percent decline after the Conference Board said its leading economic index for China rose more slowly in April than previously estimated. The board's US confidence index in June was lower than all forecasts in a Bloomberg News survey.

Asian stocks on Wednesday dropped the most in more than two weeks.