Oil Declines on Global Demand Worries Despite Hopes on Trade Talks

New York Times | Sep 13, 2019 at 4:54 AM
  • Oil futures fell on Friday as concerns about global growth and slowing demand lingered despite hints of progress on U.S.-China trade talks, setting up prices for weekly losses after days of swinging back and forth.
  • Brent crude was down 18 cents, or 0.3%, at $60.20 a barrel by 0442 GMT, while U.S. West Texas Intermediate (WTI) was off by 14 cents, or 0.3%, at $54.95.
  • U.S. crude has traded similarly and is heading for its first loss in three weeks.