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Oil: prices fall on Monday

19/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Oil prices fell on Monday. Brent is holding below $80 as concerns about demand from China's top oil importer weigh on market sentiment.

Brent crude oil futures fell by 63 cents, or 0.8%, to $79.05 per barrel at 09:27 GMT. West Texas Intermediate U.S. crude futures fell 73 cents, or 1%, to $75.92.Both benchmarks fell nearly 2% last Friday as investors moderated expectations for Chinese demand growth, but ended the week largely unchanged after U.S. data showed that inflation was moderating despite retail spending. sturdy.

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