Oil slides as renewed China Covid-19 curbs temper fuel demand outlook


SINGAPORE, July 12 (Reuters): Oil prices fell on Tuesday as fresh Covid-19 curbs in China, the world's biggest crude importer, and fears of a global economic slowdown weighed on the outlook for fuel demand.

Brent crude futures for September had fallen $1.81, or 1.7%, to $105.29 a barrel by 0633 GMT, while U.S. West Texas Intermediate crude for August delivery was at $102.14 a barrel, down $1.95, or 1.9%.

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Oil , Prices , Getting Lower , Demand Issues , China

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