Tepid Chinese growth dampens demand for oil
Brent, which is on course for its biggest weekly loss in seven weeks, is just above its level before the attacks on Saudi facilities on September 14
27 September 2019 - 11:49
London — Oil prices were steady on Thursday but headed for a weekly loss, weighed down by slowing Chinese economic growth that dampens the demand outlook and a faster-than-expected recovery in Saudi output.
Brent fell six US cents to $62.68 a barrel by 9.19am GMT, while US crude rose 18c to $56.59 a barrel. But both were down 2.6% on a weekly basis...
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.