Oil Prices Fall as Dollar Strength and China Concerns Weigh on Demand
Oil prices fell on Monday as a strong dollar and concerns about the Chinese economy weighed on demand expectations. Despite the decline, Brent crude was still above $90 a barrel, near its highest levels in 10 months, supported by tight supply after Saudi Arabia and Russia extended production and export cuts. Brent…
Oil prices fell on Monday as a strong dollar and concerns about the Chinese economy weighed on demand expectations.
Despite the decline, Brent crude was still above $90 a barrel, near its highest levels in 10 months, supported by tight supply after Saudi Arabia and Russia extended production and export cuts.
Brent crude futures fell 0.15% to $90.53 a barrel by 08:30 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 0.53% to $87.09 a barrel.
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