Oil eases as global demand concerns return, overshadowing Saudi supply doubts

SINGAPORE: Oil prices eased in early Asian trade on Tuesday as weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand, though lingering uncertainty over Saudi supply disruption braked the drop.

Brent crude futures fell 29 cents to $64.48 a barrel by 0154 GMT, while US West Texas Intermediate (WTI) futures were at $58.40, down 24 cents.

Read more

You may also like

Comments are closed.

More in Newspapers