Friday, 14 December 2018

Oil Prices Drop Amid China Economy Worries

Oil prices dipped on December 14 amid concerns over slowing economic growth in China and as investors cashed in on gains of over 2 percent from the previous session, although supply cuts agreed last week by major crude producers offered some support.

International benchmark Brent crude oil futures were at $60.99 per barrel at 0630 GMT, down 46 cents, or 0.8 percent, from their last close. Brent is set for a decline of around 1 percent this week.

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