Oil edges down as Chinese economy loses momentum in Q2

Oil drilling rigs

Oil prices settled around 1.7% lower on July 17 on fresh concerns for weak Chinese demand for crude.

 

China’s gross domestic product (GDP) grew just 0.8% in April-June from the previous quarter, compared with a 2.2% expansion in the first quarter .

 

Brent crude for September delivery lost 1.7%, or $1.37, to $78.50 a barrel and US WTI contracts for August delivery crude closed 1.7%, or $1.27, lower at $74.15.

Comments 0

Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Commodity Price

 
Brent Crude Oil
73.10
(0.30) (0.41%)

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website