Oil falls on fears faltering economic growth to hit demand – Reuters

prices, oil, crude, coal, growth,
Gulf
  • Date: 13-Oct-2021
  • Source: Reuters
  • Sector: Economy
  • Country: Gulf
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Oil falls on fears faltering economic growth to hit demand – Reuters

China coal prices hit recordIMF cuts growth outlook for major economiesChina Sept crude imports down 15% y/y- data

LONDON, Oct 13 (Reuters) – Oil prices edged down on Wednesday as expectations grew that oil demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation fuel limited losses.

Brent crude futures fell 58 cents, or 0.7%, to $82.84 a barrel at 1220 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 48 cents or 0.6% to $80.16 a barrel.

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