Oil dips on concerns over China demand drop, Middle East ceasefire talks; brent crude at $79.55/bbl

Oil dips on concerns over China demand drop, Middle East ceasefire talks; brent crude at $79.55/bbl

Oil prices declined in early Asian trading on Monday, influenced by concerns over weaker demand in China, the world’s largest oil importer. Market sentiment was also affected by investor attention on the progress of ceasefire talks in the Middle East, which could potentially lower supply risks. By 0032 GMT, Brent crude futures fell by 13 … Read more