Oil Prices Fall Amid Fears of Slowing Demand in America

  • International
  • 27 June 2024
1

Oil prices fell in early Asian trade on Thursday after a surprise increase in U.S. inventories reinforced fears of slowing demand in the biggest oil consumer. However, concern that any possible expansion of the Gaza war could disrupt Middle East supplies limited declines.

Brent crude futures fell 30 cents, or 0.4 percent, to $84.17 a barrel. U.S. West Texas Intermediate crude futures fell 32 cents, or 0.4 percent, to $80.58 a barrel. The two benchmark crudes had recorded a slight increase at settlement, on Wednesday.

Source (Al-Arabiya.net Website, Edited)

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