Oil falls on uncertainty over fuel demand recovery


SINGAPORE: Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand.

Brent futures for July fell 63 cents, or 0.56%, to $111.41 a barrel by 0432 GMT, while U.S. West Texas Intermediate (WTI) crude for June fell $1.36, or 1.21%, to $110.85 on its last day as the front-month.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Brent , WTI , IMF , monetary policy

   

Next In Business News

Brent falls as recession fears deepen demand concerns
Yum Brands close to selling KFC business in Russia
MMAG to dispose of Shah Alam land for RM20mil
CEKD to buy 82% stake in Worldwide Die Cutting Mould for RM6.23mil
Boardroom changes in KYM
Property demand to remain despite anticipated OPR increase
Ringgit ends lower against US dollar
Ekovest secures RM1.979bil RTS Link Project
Proton unveils new hi-tech engine assembly line in Tanjung Malim
RHB enhances API-driven digital platform for SMEs

Others Also Read