empty
 
 

2019.03.2206:35:00UTC+00Oil Prices Fall On Growth Worries

Oil prices fell around 1 percent on Friday amid concerns that slowing global growth may dent fuel demand.

Global benchmark Brent crude fell nearly 1 percent to $67.20 per barrel after hitting a four-month high of $68.69 per barrel in the previous session.

U.S. West Texas Intermediate (WTI) futures were down 0.9 percent at $59.42 per barrel after hitting a 2019 high of $60.39 the previous day.

Growth worries resurfaced as the composite PMI for the euro zone declined from 51.9 to 51.3 in March, giving little hope of recovery in the first quarter.

Trade worries also linger ahead of the next round of U.S.-China trade talks beginning next week.

U.S. President Donald Trump warned on Wednesday that he would likely keep tariffs on Chinese goods for a "substantial period" until he is sure Beijing is complying with any trade agreement.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback