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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.

Provided by Mistral

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