Oil eases as weaker demand outlook returns to focus – Reuters
- Date: 08-Jun-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil eases as weaker demand outlook returns to focus – Reuters
SINGAPORE, June 8 (Reuters) - Oil prices dipped on Thursday as demand concerns tied to a global economic slowdown overshadowed a pending fall in supply with Saudi Arabia's pledged output cuts.
Brent crude futures fell 21 cents, or 0.3%, to $76.74 a barrel at 0415 GMT, while U.S. West Texas Intermediate crude futures eased 21 cents, or 0.3%, to $72.32 a barrel.
Both benchmarks settled up by about 1% on Wednesday, supported by Saudi Arabia's plans for deep output cuts, though price gains remain capped by rising U.S. fuel stocks and weak Chinese export data.
Select Sector 
Select Country 
