Tag Archives: demand concerns

Despite a minor decline on Friday, oil prices saw a weekly increase as Middle East tensions and interruptions to oil production outweighed worries about the Chinese and worldwide economies. A barrel of Brent futures ended the day 54 cents lower at $78.56. West Texas Intermediate oil dropped 67 cents to …

Oil prices have declined for the third consecutive day, to reach levels near $86. Concerns about a decline on demand from China are weighing on prices. US crude stockpiles increased above expectations last week.Front-month WTI crude futures are depreciating for the third consecutive day on Wednesday. Concerns about a potential …

WTI crude oil price is down for the second successive day. At the time of writing, the American crude is trading between $90.35 and $90.45 per barrel.Earlier on the day, crude price probed below $90 per barrel. Observers and economists cite pressures by accelerating concerns about the global economy’s slowdown, …