Oil Updates – crude price extends fall as China’s economic reforms underwhelm investors
- Date: 05-Mar-2024
- Source: Arab News
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil Updates – crude price extends fall as China’s economic reforms underwhelm investors
LONDON: Oil prices fell for a second day on Tuesday as pledges by China to transform its economy amid stuttering growth since the COVID-19 pandemic failed to impress investors concerned about slower consumption, according to Reuters.
Brent futures for May fell 16 cents, or 0.2 percent, to $82.64 a barrel by 9:01 a.m. Saudi time, while US West Texas Intermediate fell 28 cents, or 0.4 percent, to $78.46. Brent was on track to fall for the fifth straight session on Tuesday. Oil Updates – crude price extends fall as China’s economic reforms underwhelm investors