Saturday, December 20, 2025 | 11:35 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Oil dips as investors eye US crude release, China demand concerns

US sells 18 mln bbls crude from strategic reserves. Crude still set to rise for fourth straight week

Oil, Brent Crude, Oil Prices, Oil Companies
premium

Reuters
Oil futures eased for a second session on Friday on expectations that Washington may soon act to cool prices that remain above $80 per barrel, while movement curbs in China to rein in a COVID-19 outbreak weighed on fuel demand.
 
Brent crude futures fell 6 cents to $84.41 a barrel at 0427 GMT. U.S. West Texas Intermediate crude was down 21 cents, or 0.3%, at $81.91 a barrel.
 
China, the world's second-biggest oil consumer, has suspended some international flights and stepped up efforts to rein in a virus outbreak at Tianjin while the highly transmissible Omicron variant has spread to

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)