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[size=36]Oil prices fell, and Brent recorded 69.83 dollars a barrel[/size]
Economie| 08:33 - 16/08/2021
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Follow-up – Mawazine News:
Oil prices witnessed, on Monday, a noticeable decline of more than 1% for the third session, as the restrictions imposed by governments on movement to counter the spread of the delta version and the slowdown in economic growth raised concern about the recovery of fuel demand.
Brent crude fell 76 cents, or 1.06 percent, to $69.83 a barrel.
US oil fell 79 cents, or 1.16 percent, to $67.44 a barrel, after rising slightly last week.
The recent tightening of the restrictions imposed on the Corona virus in China led to a decrease in activity in the second largest economy in the world last July.
Many analysts also expect Japan, the world's fourth-largest importer of crude oil, to see modest economic growth in the current quarter as the state of renewed emergency restrictions to deal with record infections affect household spending. Ended 29/A 4
Oil prices witnessed, on Monday, a noticeable decline of more than 1% for the third session, as the restrictions imposed by governments on movement to counter the spread of the delta version and the slowdown in economic growth raised concern about the recovery of fuel demand.
Brent crude fell 76 cents, or 1.06 percent, to $69.83 a barrel.
US oil fell 79 cents, or 1.16 percent, to $67.44 a barrel, after rising slightly last week.
The recent tightening of the restrictions imposed on the Corona virus in China led to a decrease in activity in the second largest economy in the world last July.
Many analysts also expect Japan, the world's fourth-largest importer of crude oil, to see modest economic growth in the current quarter as the state of renewed emergency restrictions to deal with record infections affect household spending. Ended 29/A 4
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