us crude oil falls on fears of weak demand
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

US crude oil falls on fears of weak demand

Arab Today, arab today

Arab Today, arab today US crude oil falls on fears of weak demand

Singapore - Qna

US Oil prices fell on Friday on renewed fears of weak demand. Brent crude slipped as low as $106.05, after breaking below the 200-day moving average to settle at $106.99 on Thursday. Prices dropped 68 cents to $106.31. The contract has slipped more than 9 per cent this month, the worst since a 15 per cent drop in May 2010. US crude slipped as low as $80.66 a barrel and traded $1.01 a barrel lower at $81.37. The contract slipped nearly 6 per cent to settle at $82.38 and has lost 15 per cent so far this month, the steepest since December 2008.

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