Demand And Economic Fears Cause Oil To Dip – 26 September, 2019

Gains in oil after attacks on Saudi Arabia earlier in the month eased on the quick return of production and pressure caused by a slowdown in global economic growth. U.S. West Texas Intermediate crude futures dropped 8 cents or 0.1% to $56.33 per barrel. International Brent crude futures shed 0.5% or 32 cents to $62.42 per barrel. In its largest weekly loss in 10 weeks, West Texas Intermediate futures were down 3%, and Brent was 2.9% lower for its largest weekly loss in 7 weeks.