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Oil Prices Remain Depressed Amid Demand Uncertainty In China And The U.S. ...Middle East
Crude oil prices remained subdued today, pressured by data pointing to a slowdown in China’s recovery and the second-biggest bank collapse in the United States since the 2008 crisis. At the time of writing, Brent crude was trading at $79.11 per barrel and West Texas Intermediate was at $75.45 per barrel, both slightly down from opening. Earlier this week, China released data pointing to a surprise contraction in manufacturing activity that suggests oil demand growth may falter in the world’s largest importer. Separately, California…
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