Wednesday, December 25, 2024
Oil falls as economic fears weigh against potential crude draw- oil and gas 360

Oil falls as economic fears weigh against potential crude draw

Yahoo Finance LONDON -Oil prices sank to their lowest since late March on Tuesday on weak economic data from China, expectations of interest rate hikes by the U.S. Federal Reserve and European Central Bank (ECB) this week, and concerns about ample supply. Brent crude fell $2.41, or 3.04%, to $76.90 a barrel by 1404 GMT while U.S. West Texas Intermediate