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
Oil Prices Fall on Concern about Sluggish Economy in China
Oil Prices Fall on Concern about Sluggish Economy in China
RECENT POST
Oman Nature Reserve Threatened by Oil Spill
August 6, 2026
Iran and Oman Close to Deal on Hormuz Without US Involvement
August 6, 2026
Gold Rises 0.1% on Softer Dollar, Focus on US Jobs Data
August 5, 2026
Dollar Near 6-Week Low, Yen Steadies
August 5, 2026
Oman Oil Price Drops by USD 4.35
August 5, 2026