US EditionWhy oil prices just dropped to their lowest since July
- Weak global economic data and slowing global demand in China have caused oil prices to fall to their lowest point since July, overshadowing concerns of a potential regional conflict in the Middle East.
- China's exports have fallen for six consecutive months due to higher interest rates and have put downward pressure on the global economy, raising concerns about inflation.
- Despite Saudi Arabia and Russia implementing oil production cuts, China's economic troubles and declining demand continue to exert downward pressure on oil prices.
36 Articles
36 Articles
Precios del petróleo bajan en medio de temores por demanda mundial
Los precios del petróleo siguieron bajando este miércoles, con el Brent por debajo de los $80 el barril por primera vez desde julio, debido a perspectivas económicas mediocres en China y Europa. El barril de Brent del mar del Norte para entrega en enero perdió 2,53% a $79,54 en Londres.En tanto, el West Texas Intermediate (WTI) para diciembre cedió 2,63% a $75,33 en Nueva York, también un mínimo desde julio. Los precios del crudo siguen golpeado…
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World oil prices fall by about 2% on Wednesday evening, and the price of Brent crude fell below $80 per barrel for the first time since July 21,... RIA Novosti, 08.11.2023
The price of oil on world markets on Wednesday continues its decline from previous days and is the cheapest since late July. North Sea Brent fell to the $80 ($1,850) per barrel mark. The price is dragged down by the prospect of weaker demand in the US and China, Reuters reported.
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