Oil prices slide as China demand, recession concerns outweigh supply woes - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 8 November 2022

Oil prices slide as China demand, recession concerns outweigh supply woes

Brent crude fell 23 cents, or 0.2%, to $97.69 a barrel by 0726 GMT, while U.S. West Texas Intermediate (WTI) crude fell 32 cents, or 0.4%, to $91.47 a barrel.Both benchmarks hit their highest since August on Monday amid reports that leaders in China, the world's top crude importer, were weighing an exit from the country's strict COVID-19 restrictions.

from Commodities-Markets-Economic Times
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