الوكالة الوطنية للإعلامNNA - Oil prices eased on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, eclipsing fears over tighter supply arising from output c
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الوكالة الوطنية للإعلامNNA - Oil prices eased on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, eclipsing fears over tighter supply arising from output c
Yuka Obayashi: Brent crude futures fell 17 cents, or 0.2 per cent, to $86.00 a barrel by 0039 GMT. US West Texas Intermediate (WTI) crude was at $82.73 a barrel, down 19 cents, or 0.2 per cent.
BEIJING (Reuters) -Oil prices eased on Wednesday as concerns over slow demand from top crude importer China grew after bearish trade and inflation data, eclipsing fears over tighter supply arising from output cuts by Saudi Arabia and Russia. Brent crude futures fell 21 cents, or 0.2%, to $85.96 a barrel by 0615 GMT. U.S. West Texas Intermediate (WTI) crude was at $82.71 a barrel, down 21 cents, or 0.2%.
Oil Prices: Brent crude futures fell 17 cents, or 0.2%, to USD 86.00 a barrel by 0039 GMT. U.S. West Texas Intermediate (WTI) crude was at USD 82.73 a barrel, down 19 cents, or 0.2%.
The world's top exporter Saudi Arabia last week extended its voluntary production cut of 1 million bpd to the end of September, adding that it could be extended beyond then or deepened. Russia also said it would cut oil exports by 300,000 bpd in September.