TOKYO/LONDON—Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel. China’s economy slowed in March as consumption, real estate, and exports were hit, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already weakened by COVID-19 curbs and the Ukraine war. Brent crude, the global benchmark, fell 26 cents, or 0.2 percent, to $111.44 at 1055 GMT, sliding from the highest since March 30 of $113.80 hit earlier in the session. U.S. West Texas Intermediate was down 11 cents, or 0.1 percent, at $106.84. ...
Source: https://www.theepochtimes.com/oil-slips ... 10634.html
Oil Slips on China Demand Fears, Supply Worries Limit Losses
-
claireokc
- Posts: 10493
- Joined: Wed Dec 01, 2021 11:40 pm
- Location: Deep in the Heart of Soonerland
- Has thanked: 2 times
- Contact:
Oil Slips on China Demand Fears, Supply Worries Limit Losses
"America needs a brushfire, a moral and spiritual brushfire. And brushfires burn from the bottom up." ~ Bob Woodson