Oil prices slip on US, China data, demand concerns
- Date: 10-Jul-2023
- Source: Al Bawaba
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil prices slip on US, China data, demand concerns
ALBAWABA – Oil prices slipped only slightly in Asian trade Monday in anticipation of fresh economic data from top oil consumers, the United States (US) and China, with supply cuts from Saudi Arabia and Russia bolstering crude prices.
Brent crude futures fell 0.7 percent to $77.92 a barrel by 0630 GMT, according to Reuters, and US West Texas Intermediate crude settled at $73.31 a barrel, also down 0.7 percent.
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