Oil Updates – crude struggles to steady as economic headwinds weigh on demand outlook
- Date: 22-Jan-2024
- Source: Arab News
- Sector:Oil & Gas
- Country:Saudi Arabia
Oil Updates – crude struggles to steady as economic headwinds weigh on demand outlook
NEW DELHI: Oil prices struggled to push ahead on Monday as economic headwinds pressured the global oil demand outlook and offset geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend, according to Reuters.
Brent crude fell 9 cents, or 0.1 percent, to $78.47 a barrel by 6:53 a.m. Saudi time after settling down 54 cents on Friday. Oil Updates – crude struggles to steady as economic headwinds weigh on demand outlook