Oil Prices Fall On Concerns about Slowing Demand in China

  • International
  • 11 March 2024
1

On Monday, oil prices continued the losses they suffered last week due to concerns about slowing demand in China, but the continued geopolitical risks surrounding the Middle East and Russia limited the decline.

Brent crude futures fell 48 cents, or 0.6 percent, to $81.60 a barrel, while US West Texas Intermediate crude fell 50 cents, or 0.6 percent, to $77.51. Both crude oils fell last week, with Brent falling 1.8 percent and West Texas Intermediate crude falling 2.5 percent.

Source (Al-Arabiya.net Website, Edited)

Related News

Beijing Receives 184 Million Tourists in the First Half of 2025

  • People's Republic of China
  • 11 November 2025

China’s Foreign Exchange Reserves Increase to $3.3 Trillion

  • People's Republic of China
  • 10 November 2025

Chinese Economy to Exceed $23.9 Trillion

  • People's Republic of China
  • 5 November 2025

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW