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Oil: prices are falling

16/07/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices fell by about 1% on Wednesday. Signs of stronger Chinese crude consumption are offset by investor caution about the wider economic impact of US tariffs

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Brent crude futures fell by 63 cents, or 0.9%, to $68.08 per barrel at 11:50 GMT. West Texas Intermediate U.S. crude futures fell by 69 cents, or 1%, to $65.83

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Prices fluctuated within a narrow range, as signs of steady demand due to increased summer travel in the northern hemisphere rivaled concerns that U.S. tariffs on trading partners would slow growth. economical and fuel consumption

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