Oil prices fell in settlement on Monday, as worries about weak demand worsened; Due to weak business activity in the euro area and the slowdown in the Chinese economy.
Brent crude futures for November delivery fell 59 cents, or 0.8%, to $73.90 a barrel. U.S. West Texas Intermediate futures for November delivery fell 63 cents, or 0.9%, to $70.37.
A survey on Monday showed an unexpectedly large decline in business activity in the euro area this month, with the services sector stabilizing and the slowdown in the manufacturing sector accelerating.
Both benchmarks rose more than 4% last week; Supported by the Federal Reserve’s decision to cut interest rates by 50 basis points and its view of further reductions by the end of the year.
2024-09-23 20:14:55
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