Reported about 2 months ago
Oil prices fell in early Asian trading due to fears of weakened demand in China, the world's largest oil importer, while investors closely watch ceasefire negotiations in the Middle East that may alleviate supply risks. Brent crude dropped to $79.55 per barrel and West Texas Intermediate slid to $76.52, both benchmarks experiencing nearly 2% declines last Friday amid cautious demand expectations from China.
Source: YAHOO