Oil steadies as China woes persist, Energy News, ET EnergyWorld
China: Brent crude was down 43 cents at $84.03 a barrel by 0816 GMT, while the more active US West Texas Intermediate October contract slipped 37 cents to $79.95 a barrel.
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China: Brent crude was down 43 cents at $84.03 a barrel by 0816 GMT, while the more active US West Texas Intermediate October contract slipped 37 cents to $79.95 a barrel.
Brent crude was down 26 cents at $84.20 a barrel by 1300 GMT, while the more active U.S. West Texas Intermediate October contract slipped 24 cents to $79.88
Oil markets have been relatively subdued at the start of the week, but the potential of Kurdish oil flows finally coming back online is adding downward pressure to prices.
Oil prices were little changed on Tuesday as investors remained downbeat on China’s economic malaise hobbling demand from the world’s top crude importer, limiting the impact of supply cuts.
By Laura Sanicola