Commodities and Futures News

Oil prices fall by more than a $1 on Chinese economic data

4 weeks ago

Less than a minute

2024.10.13 18:43

BEIJING (Reuters) – Oil prices fell by a dollar in early Asian trading on Monday after disappointing Chinese inflation data over the weekend stoked fears about demand.

© Reuters. FILE PHOTO: A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. REUTERS/Benoit Tessier/File photo

futures were down $1.12 at $77.92 per barrel by 2228 GMT, and U.S. West Texas Intermediate crude futures fell $1.07 to $74.49 per barrel.

China’s deflationary pressures increased in September, according to its National Bureau of Statistics, and a Saturday news conference left investors guessing about the overall size of a stimulus package to revive the sputtering economy.

4 weeks ago

Less than a minute

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