SAWT BEIRUT INTERNATIONAL

| 23 July 2024, Tuesday |

Oil prices wobble on worries over China economy, US rate path

Oil prices were choppy on Thursday after falling over the past three sessions, with the undertone grim on worries that slowing growth in China and possible further U.S. interest rate hikes will weaken fuel demand in the world’s two biggest economies.

Brent crude futures were flat at $83.45 a barrel by 0645 GMT, after initially falling 0.5%. U.S. West Texas Intermediate crude (WTI) was down 8 cents at $79.30.

    Source:
  • Reuters