Sunday, August 3, 2025
Oil prices hit by concern over Chinese economy and higher supply- oil and gas 360

Oil prices hit by concern over Chinese economy and higher supply

Reuters LONDON – Oil prices fell on Monday as worries over China’s economy resurfaced after a survey showing growth in factory activity slipped sharply in the world’s second-largest oil consumer, with concerns compounded by higher crude output from OPEC producers. Brent crude oil futures slid by 87 cents, or 1.15%, to $74.54 a barrel by 1145 GMT after touching a