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)

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