Oil prices slip due in part to price cut by Saudi Arabia
Uncertainty about China’s oil demand is also pushing back oil markets’ recovery
07 September 2020 - 12:14
London — Oil prices fell on Monday as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months and uncertainty over China’s oil demand cloud oil markets’ recovery.
Brent crude was at $42.04 a barrel, down 62 US cents or 1.4% by 8.59am GMT, after earlier sliding to $41.51, the lowest since July 30...
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.