Oil prices fell on Monday due to China's slow demand, with Brent at $81.96 and WTI at $77.8.
Oil prices fell on Monday due to concerns over slow demand in China, though lingering geopolitical risk limited the decline. Brent futures dropped 12 cents, or 0.2%, to $81.96 a barrel, while US West Texas Intermediate (WTI) decreased 21 cents, or 0.2%, to $77.8. Both benchmarks fell last week, with Brent down 1.8% and WTI 2.5% lower on bearish Chinese data indicating softer demand in the world's top crude importer.
March 10, 2024
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