Oil falls on renewed doubts about US-China trade deal
The trade war is still weighing on the global economy and hurting fuel demand, with Brent crude falling more than $1 earlier in the session
08 November 2019 - 13:43
London — Oil prices fell on Friday, weighed down by lingering uncertainty about how close the US and China were to a trade deal and on rising US crude inventories.
Benchmark Brent crude was down 92c at $61.37 a barrel by 10.46am GMT, after dropping more than $1 earlier in the session. Brent is on track to end the week 0.5% lower. US West Texas Intermediate (WTI) crude was down 87c at $56.28 a barrel...
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.