Oil Prices Plunge Below $80 a Barrel as China's Economic Slowdown Raises Concerns About Global Demand

  • 29 days ago
U.S. crude oil futures fell to the lowest levels since early June due to concerns about China's slowing economy weakening demand. West Texas Intermediate crude for September delivery fell, settling at over $75 per barrel. Brent crude for September delivery fell, coming in at just under $80 per barrel. China's economic turmoil, including sluggish growth and falling crude imports, weighs on oil prices. Geopolitical tensions in the Middle East between Israel and Iran-backed militias in Lebanon threaten further escalation.

Recommended

0:45
I
Up next
Global Oil Demand to Grow Despite Lower Chinese Imports and EV Growth
Benzinga
0:38
Brent Crude Dips Below $90 Amid Concerns of Weaker Economic Growth. Here's What You Need To Know
Benzinga
0:41
Exxon Mobil Predicts Fossil Fuels Will Dominate Energy Mix Until 2050, Warns Halting Investment Could Lead to Energy Crisis
Benzinga
0:35
Goldman Sachs Predicts Brent Crude Oil Prices to Surge to $86 Per Barrel Driven by Summer Deman
Benzinga
0:36
Pharma Bro Martin Shkreli Ordered to Surrender Rare Wu-Tang Clan Album Copies Amid Legal Battle
Benzinga
1:04
Oil prices settle mostly flat ahead of monthly oil forecasts
AWANI
0:35
Brent Oil Futures Soar Above $90 a Barrel Amid Israel-Hamas Conflict
Benzinga
0:34
Temu Parent PDD Holdings Plummets Nearly 30% After Disappointing Q2 Results. Analyst Says, 'Panic Was Overblown' and May Present a Promising Investment Opportunity
Benzinga
0:32
Nvidia Partner Sustainable Metal Cloud Is Capitalizing on AI Demand with Energy-Efficient Cooling Centers That Reduce Consumption by 50%
Benzinga
1:17
Donald Trump Unveils New NFT Collection Featuring Debate Memorabilia And Exclusive Perks
Benzinga
1:56
Oil prices settle up 3% on supply concerns after oilfield shutdown in Libya
AWANI
0:48
US Oil Prices Surge Above $90 a Barrel, Threatening Inflation and Gasoline Prices
Benzinga
3:35
Middle East conflict pushes surge in crude oil prices
AlloTrends Bonus
0:51
Oil Prices Soar To $80 On Middle East Tensions, US Moves Military Assets To Region: 5 Defense Stocks On The Move
Benzinga
0:47
Crude Oil Futures Rise as Traders Assess China's Economic Indicators
Benzinga
1:28
Where Are Prices Going Oil Price Forecast for Q4 2023
News USA
3:02
Crude Oil Prices Breach $100 Mark, Commodities Surge As Russia Faces Sanctions From US, EU
LatestLY
0:38
U.S. Crude Oil Set for Worst Monthly Performance Since December, Falls Over 3% in May
Benzinga
4:42
In-depth: Market wrap-up
Arirang News
0:42
Oil slips with Brent below $80 on China demand woes
PTVPhilippines
0:38
Oil Prices Plummet $5 a Barrel Amid Concerns of Economic Growth Slowdown
Benzinga
0:22
Oil prices fell on China’s weaker trade data, US CPI ahead
PTVPhilippines
0:28
Slow economic growth of China, supply cuts affect oil prices
PTVPhilippines
0:35
Oil prices rise slightly amid worry over Russian refinery attacks
PTVPhilippines
0:39
Mideast crisis may disrupt oil supplies, raise prices
The Manila Times