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Oil prices fall on worries over demand growth outlook


Monday, 12 August 2019 08:05 WIB

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Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.

International benchmark Brent crude futures were at $58.25 a barrel by 00:07 GMT, down 28 cents, or 0.5%, from their previous settlement.

U.S. West Texas Intermediate (WTI) futures were at $54.28 per barrel, down 22 cents, or 0.4%, from their last close.

Both benchmarks fell last week, with Brent losing more than 5% and WTI falling about 2%.

Source : Reuters


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