Thursday, January 23, 2025
Oil prices fall as China demand, recession concerns outweigh supply woes- oil and gas 360

Oil prices fall as China demand, recession concerns outweigh supply woes

Yahoo Finance LONDON – Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in top crude importer China heightened fears of lower fuel demand.   Brent crude was down 31 cents, or 0.3%, at $97.61 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude was 50 cents, or 0.5%, lower at $91.29. They retraced