SEOUL: Crude oil futures fell yesterday, extending two days of losses and rattled by concerns about oversupply and slowing demand, with China’s economic growth likely to fall below 7% in the third quarter.
Crude futures rose 15% in early October but have since fallen back by almost 10% as global production continues to outpace demand and concerns over China’s slowing economy prevail.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!