Oil falls again as worries grow over global economy, China COVID cases – Reuters
- Date: 04-Jan-2023
- Source: Reuters
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil falls again as worries grow over global economy, China COVID cases – Reuters
Jan 4 (Reuters) - Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy.
Brent futures for March delivery fell 13 cents to $81.97 a barrel, a 0.1% loss, by 0511 GMT. U.S. crude dropped 28 cents, or 0.3%, to $76.65 per barrel.
Both benchmarks plunged more than 4% on Tuesday, with Brent suffering its biggest one-day loss in more than three months.
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