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Oil Drops After Poll Points to Slower Global Growth


Friday, 26 July 2019 09:04 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil prices fell on Friday after a Reuters poll showed global economic growth is likely to slow further amid the U.S.-China trade war, although losses were limited by tensions in the Middle East.

Brent crude futures were down 24 cents, or 0.4%, at $63.15 a barrel by 0049 GMT. They rose 0.3% in the previous session.

U.S. West Texas Intermediate crude was down 5 cents, or 0.1%, at $55.97 a barrel, after gaining 0.25% overnight.

A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the U.S.-China trade war.

Source : Reuters


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