Oil prices drop 5% on concerns over Chinese demand

Oil prices drop 5% on concerns over Chinese demand
Dpa
Tuesday 8 October 2024 - 17:24

Oil prices sank further on Tuesday on concerns over Chinese demand and the prospect of higher crude production in the coming months.

Brent, the international benchmark contract, briefly fell more than five percent before paring back some losses to trade at $77.40 per barrel at around 1540 GMT.

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