Home » Business » Development in China is dragging down oil costs in late buying and selling on Tuesday

Development in China is dragging down oil costs in late buying and selling on Tuesday

Simply: Oil futures costs fell in late buying and selling on Tuesday, with markets weighing the outlook for world demand, as a result of IMF’s expectations that financial progress in China and India will decide up. slowed to five% and seven% this 12 months from 5.2% and eight.2% respectively.

Brent crude futures for September supply fell 1.3%, or $1.12, to $83.73 a barrel.

Whereas US Nymex crude for August supply fell 1.4%, or $1.15, to register $80.76 a barrel.

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2024-07-16 19:20:16
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