Oil prices fall ahead of OPEC+ meeting

19/10/2020 Argaam

Crude oil prices declined on Monday amid concerns over the speed of demand recovery from coronavirus crisis, while data on China’s gross domestic product (GDP) growth in Q3 2020 fell below expectations.

 

According to official data, China’s GDP grew 4.9% in July-September from a year earlier, which is below the expected growth of 5.2%.

 

Meanwhile, OPEC+ technical committee will meet today, Oct. 19, to review the oil market.

 

In terms of trading, Brent crude was down 0.1% at $42.88 a barrel, at 8.55 am Makkah time.

 

US West Texas Intermediate (WTI) crude futures fell 0.2% to $40.82 a barrel.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
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.