Tag Archives: inventories

Oil, global, growth, US, inventories

Oil prices fall on worries fuel demand to stall amid slowing global growth

01 January, 2019 9:36 am 9:36 am

SYDNEY/SINGAPORE (Reuters) – Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in US crude inventories. International Brent crude oil futures LCOc1 were at $60.89 a barrel at 0352 GMT, down 25 cents, or 0.4 percent, from their last settlement, having … Read More




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Oil turns lower as weaker demand outlook weighs

10 October, 2018 8:42 am 8:42 am

NEW YORK (Reuters) – Brent crude futures gave back early gains and turned lower  after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, while US crude steadied as equities rebounded. The energy watchdog said in its monthly report that the market looked “adequately supplied for now” and trimmed its … Read More




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Oil prices slip amid fears over global economic growth

08 August, 2018 9:56 am 9:56 am

TOKYO (Reuters) – Oil prices fell on Friday, with US crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build. Brent crude oil futures LCOc1 were down 3 cents at $71.40 a barrel by 00229 GMT. US West Texas Intermediate … Read More




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