Post Tagged with: "weaker demand"

Source: Reuters

Oil slides on concerns of weaker Chinese demand

Reuters


U.S. West Texas Intermediate (WTI) crude futures hit a low of $108.28 a barrel, and were down $4.55, or 3.9%, at $109.35.

Both benchmark contracts rose 1.4% on Friday, notching their first weekly gains in three weeks, with Brent …

Source: Reuters

Oil prices slide on expectations of higher supply, weaker demand

Reuters


SINGAPORE — Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand.

Brent crude futures fell 63 cents, or 0.8%, to $81.54 a barrel, …