Oil prices fall as investors take profits amid China economy worries; By- CommodityPandit.Com:

Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close.

Oil prices fell on Friday as investors cashed in gains of more than 2 percent made during the previous session on concerns demand may slump amid slowing economic growth, though there are still expectations for producer supply cuts to support prices.

Oil refinery throughput in November in China fell from October, which was the second-highest month on record, suggesting an easing in Chinese oil demand, though runs were 2.9 percent higher than a year earlier

For More News and Updates Stay Connected:
http://www.commoditypandit.com

https://api.whatsapp.com/send?phone=919557530026

Leave a Reply

Your email address will not be published. Required fields are marked *