Oil eases as investors eye US oil release, China demand concerns - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Thursday, 13 January 2022

Oil eases as investors eye US oil release, China demand concerns

Oil prices eased for a second session on Friday on growing concerns that Washington may soon act to cool prices, while movement controls in China to rein in a COVID-19 outbreak weighed on fuel demand. Brent crude futures fell 30 cents, or 0.4%, to $84.17 a barrel at 0150 GMT. U.S. West Texas Intermediate crude was down 45 cents, or 0.6%, at $81.67 a barrel.

from Commodities-Markets-Economic Times
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