Oil prices slip as China import drop signals demand risk


TOKYO: Oil prices fell on Wednesday over fresh concerns about demand after data showed that China's first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus pandemic.

Brent crude was down 8 cents, or 0.1%, at $76.41 a barrel by 0602 GMT, after gaining 1.8% on Tuesday. West Texas Intermediate was off by 15 cents, or 0.2%, at $75.10 a barrel, having jumped 1.6% in the previous session.

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Brent , WTI , Opec

   

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