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Oil Steadies After Global Demand Worries Spark Fall


Thursday, 25 July 2019 08:50 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil ticked higher early on Thursday after falling in the previous session as more signs of slowing global growth added to demand concerns, with Middle East tensions underpinning prices.

Brent crude futures were up 6 cents at $63.24 a barrel by 0053 GMT, after dropping 1% overnight, falling for the first time in four sessions.

U.S. West Texas Intermediate crude were 12 cents, or 0.2%, higher at $55.99 a barrel, having dropped 1.6% in the previous session.

Sentiment in the oil market has darkened as investors worry that slowing global economic growth will weaken demand for oil.

Source : Reuters


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