You are here: Home » International » News » Others
Business Standard

Oil prices fall as concerns about fuel demand counter tightening supplies

Brent crude futures slipped 38 cents, or 0.5 per cent, to $79.36 a barrel.

Henning Gloystein | Reuters 

Oil prices fell on Thursday, reversing some of the strong gains from the previous session, as economic concerns raised doubts about ongoing fuel demand growth. US West Texas Intermediate (WTI) crude futures were at $69.88 per barrel at 0635 GMT, down 49 cents, or 0.7 per cent, from their last settlement. Brent crude futures slipped 38 cents, or 0.5 per cent, to $79.36 a barrel. The falls were due to concerns of a potential slowdown in fuel demand growth because of trade disputes between the United States and China, the world's two largest oil consumers, as well as ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, September 13 2018. 14:20 IST
RECOMMENDED FOR YOU