Oil heads for weekly loss as Chinese demand continues to underperform

Top Stories
Most Popular

Panorama

30th Dubai Shopping Festival to kick off in December

Bali flights cancelled due to dangerous volcanic ash

Melania Trump declines to meet with Jill Biden at White House

Japan launches world's first wooden satellite into space

Astronomers observe black hole that may have formed gently

The ten deadliest weather events of the last 20 years and how they were fuelled by climate change

What is the story of the Jordan Staircase in one of the most important palaces in Russia?

Biden and his wife celebrate their last Halloween at the White House

NASA identifies potential landing sites for historic manned mission to the moon

Telescope with world’s largest digital camera will be a ‘game-changer’ for astronomy

Home Business Oil heads for weekly loss as Chinese demand continues to underperform 15-11-2024 11:04 AM Ammon News - Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery. Brent crude futures were down 65 cents, or 0.9%, at $71.91 a barrel by 0450 GMT. U.S. West Texas Intermediate crude futures were down 62 cents, or 0.9%, at $68.08. For the week, Brent is set to fall 2.7% while WTI is set to decline 3.3%. Oil prices also fell this week as major forecasters indicated market fundamentals remained bearish. Reuters

Home Business

Oil heads for weekly loss as Chinese demand continues to underperform

15-11-2024 11:04 AM

Ammon News - Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its uneven economic recovery.

Brent crude futures were down 65 cents, or 0.9%, at $71.91 a barrel by 0450 GMT. U.S. West Texas Intermediate crude futures were down 62 cents, or 0.9%, at $68.08.

For the week, Brent is set to fall 2.7% while WTI is set to decline 3.3%.

Oil prices also fell this week as major forecasters indicated market fundamentals remained bearish.

Reuters

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :