13 June 2022

Oil Prices Fall more than $2

International and Arabic
  • QNA_OIL_17-05-2022

Singapore, June 13 (QNA) - Oil prices slipped more than $2 on Monday amid worries about global inflation and economic growth.
Brent crude futures fell $2.06, or 1.7 %, to $119.95 a barrel, while US West Texas Intermediate crude was at $118.54 a barrel, down $2.13, or 1.8 %.
Worries about global inflation and economic growth further depressed the market.
Both global oil benchmarks rose more than 1 per cent last week after data showed robust oil demand in the world's top consumer, the United States, despite inflation concerns and on hopes that consumption in China - global no. 2 consumer - could rebound after lockdown measures were lifted from June 1. (QNA)


Economy, International
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