Oil eases on strong dollar, global economic news

Brent futures fell 47 cents, or 0.6%, to settle at US$85.24 a barrel, while US West Texas Intermediate crude (WTI) ended 56 cents, or 0.7%, lower at US$80.73.

NEW YORK: Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong US dollar and negative economic news from some parts of the world.

Prices declined despite signs of improving US oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

Hong Seng Consolidated acquires Hong Seng Frontier for RM45mil
Berjaya Rail joins Malaysia Rail Industry Corp as new member
BIG Industries announces cessation of concrete division
Zhulian expects inflationary pressures to impact consumer spending
Ringgit strengthens against US dollar, rally expected until year-end
ILB Group to purchase solar assets totalling RM98mil
PGF Capital partners with Centria for exclusive distribution in Malaysia
Pavilion REIT posts RM67mil net profit in 2Q, declares 4.53 sen dividend
Bintai Kinden bags two construction contracts worth RM25.68mil
Sarawak attracts RM4.2bil investments in 1Q24, poised to receive more green investments

Others Also Read