Oil slips as investors fret about demand outlook
Pessimism about a US-China trade deal also contributed to crude prices falling at the start of the trading week, analyst says
12 August 2019 - 08:06
Seoul — Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-US trade war, which have led to a cut in the growth outlook for oil demand.
International benchmark Brent crude futures were at $58.25 a barrel in early-morning trading, down 28 cents, or 0.5%, from their previous settlement...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.