Oil Falls On Lower Demand Outlook, China Data

MiamiHerald.com: Business, Miami Herald: Business
Fri, 08/10/2012 - 7:39am

The price of oil is lower on fresh concerns about the Chinese economy and a lower forecast for global demand for crude.

Topics: chinese oil demand

BING NEWS:

Oil falls on strong dollar, demand growth worries
Oil prices eased on Friday due to a strong dollar and worries about demand growth in 2025, especially in top crude importer China. Brent crude futures were down by 36 cents, or 0.5%, to $72.54 a ...
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Oil falls 1% on demand growth concerns, robust dollar
Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 3%. Brent crude futures ...
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Oil drops as dour economic outlook adds to oversupply concerns
Oil prices fell on Thursday after central bankers in the U.S. and Europe signaled caution over further easing of monetary policy, fanning concerns that weak economic activity could dent demand for oil ...
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Oil fell by almost 1% to settle below $70 a barrel as expectations for fewer interest-rate cuts by the US Federal Reserve boosted the dollar.Most Read from BloombergNew York City’s Historic ...
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Oil drops as dour economic outlook adds to oversupply concerns
Energy transition measures have also hit demand sharply in China, the top oil importer. State-backed energy giant Sinopec on Thursday said it expects China's petroleum consumption to peak in 2027 ...
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