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Oil Prices Fall on Concern about Sluggish Economy in China

Oil Prices Fall on Concern about Sluggish Economy in China

Brent oil prices slid in Asian trade today as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel. US West Texas Intermediate crude, which did not have a Monday settlement because of the US Labor Day holiday, was 28 cents up from its Friday close of $73.55. Source: Oman News Agency