ZCZC
BCN-33
US-ENERGY-OIL-PRICE
Oil prices decline as demand fears linger
NEW YORK, Oct. 16, 2019 (BSS/Xinhua) – Oil prices declined on Tuesday as
the market continued to be concerned about weak global demand.
Analysts said investors were worried that trade uncertainties among
world’s major economies will lead to global economic downturn and dampen oil
demand.
The West Texas Intermediate (WTI) for November delivery declined 0.78 U.S.
dollar to settle at 52.81 dollars a barrel on the New York Mercantile
Exchange, while Brent crude for December delivery erased 0.61 dollar to close
at 58.74 dollars a barrel on the London ICE Futures Exchange.
BSS/XINHUA/HR/1455