Oil price holds near January low as concerns about global demand grow
(Bloomberg) — Oil prices stabilized near their lowest close since January as concerns about a slowing U.S. economy outweighed a boost from falling inventories. Most read by Bloomberg Brent was trading around $76 a barrel after a four-day slump, with…
Oil price rises after US crude inventories fall, weak Chinese economy limits gains
By Georgina McCartney HOUSTON (Reuters) – Oil prices rose slightly on Wednesday after a bigger-than-expected draw in crude inventories, offsetting some concerns about China’s weakened economy potentially hurting demand in the world’s largest crude importer. Brent crude futures rose 13…
