Oil slips on global economic

25 November 2024

Oil slips on global economic concerns

09:59 09 May 2022 Read: 604

Oil slips on global economic concerns

Oil prices slipped on Monday, along with stock markets in Asia, sparked by fears a global recession could dampen oil demand, with investors eying European Union talks on a Russian oil embargo that is expected to tighten global supplies, AzVision.az reports citing Reuters.

Brent crude dropped 28 cents, or 0.3%, to $112.11 a barrel by 0153 GMT.

U.S. West Texas Intermediate crude was at $109.36 a barrel, down 41 cents, or 0.4%.

More about: Brent WTI crude

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First export train heads from Azerbaijan to China

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Azerbaijani presidential aide criticizes US parliamentarians for their pro-Armenian position

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