PTVPhilippines
  • 5 months ago
Oil prices remain steady, posed for 3rd consecutive weekly drop
Transcript
00:00Oil prices held steady, poised for a third consecutive weekly drop due to weak demand
00:05in China and expectations of a Gaza ceasefire, easing Middle East tensions and supply concerns.
00:11Brent crude for September edged down to 82.36 dollars a barrel, while US West Texas Intermediate
00:18for September fell to 78.22 dollars.
00:22Chinese data showed an 8.1 percent decline in oil demand in June and international calls
00:29for a ceasefire in Gaza contributed to market sentiment.

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