facebook pixel
chevron_right Business
transparent transparent
Oil prices dip on weak Chinese refining activity
Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising US shale output suggested supplies would likely remain high. US West Texas Intermediate (WTI) crude futures were at $48.74 a barrel, down 8 cents, or 0.2 percent. This would be the lowest amount on a daily basis since September 2016, according to Reuters calculations based on official data.
For the best experience use Awesummly app on your Android phone
Awesummly Chrome Extension Awesummly Android App