oil prices

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IEA: oil demand growth at lowest since 2008

Mounting signs of an economic slowdown and a ratcheting up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said. “The …

Oil slumps to new seven-month low

Oil prices fell further today, extending recent heavy losses as deepening U.S.-China trade tensions weighed on the outlook for the global economy and energy demand. Brent crude futures were down $1.04 (1.75%) at $57.90 a barrel by …

Brent oil slips below $59

Oil prices slipped this morning as ongoing Sino-U.S. trade war sparked concerns over demand. WTI futures slipped 0.1% to $53.59 by 08:16 Moscow Time (05:16 GMT). International Brent also slipped 0.1% to $58.86. The …

Oil prices climb on short-covering after decline

Oil prices rose more than 1% this morning as traders betting on falling prices bought back contracts to lock in profits after declines over the last three sessions due to the escalating trade tensions between China and United States. …