Oil prices slip on OPEC cut in demand forecast, China COVID cases

Summary by Ground News

Brent crude futures fell 39 cents, or 0.4%, to $92.75 a barrel by 0133 GMT. U.S. West Texas Intermediate crude was at $85.31 a barrel, down 56 cents. OPEC cut its 2022 global oil demand growth forecast for a fifth time since April.

Published 2 months ago

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Times of India

Oil prices slip on OPEC cut in demand forecast, China COVID cases

This comes after the International Monetary Fund said on Sunday that the global economic outlook has become gloomier than projected last month, citing a steady worsening in purchasing manager surveys in recent months

2 months ago·Mumbai, India

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Reuters

Oil prices slip on OPEC cut in demand forecast, China COVID cases

By Florence Tan SINGAPORE - Oil prices extended losses in early Asian trade on Tuesday after OPEC cut its 2022 global demand forecast, while rising COVID-19 case numbers in China clouded the outlook for fuel consumption in the world's top crude importing nation. Brent crude futures fell 39 cents, or 0.4%, to $92.75 a barrel by 0133 GMT after settling down 3% on Monday. U.S. West Texas

2 months ago·United Kingdom

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IBTimes

Oil Prices Slide On China COVID Worries, Cut In OPEC Demand Outlook

Oil prices slid on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world's top crude oil importer and after OPEC cut its 2022 global demand forecast.

2 months ago·United States

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OAN

Oil prices slide on China COVID worries, cut in OPEC demand outlook

By Florence Tan and Isabel Kua SINGAPORE (Reuters) -Oil prices slid on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world's top crude oil importer and after OPEC

2 months ago·San Diego, United States

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Oil & Gas 360

Oil prices slide on China COVID worries, cut in OPEC demand outlook

NasdaqSINGAPORE – Oil prices slid on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world’s top crude oil importer and after OPEC cut its 2022 global demand forecast. Brent crude futures …The post Oil prices slide on China COVID worries, cut in OPEC demand outlook appeared first on Oil & Gas 360.

2 months ago·Denver, United States

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