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Economic growth forecasts lower oil prices
The futures contracts for West Texas Intermediate crude has also fallen by 1% or 47 cents to $ 45.23 a barrel.
BAGHDAD / Obelisk: Oil prices fell in early Asian trading on Monday, due to weak global economic growth expectations, despite the continued decline in drilling activity for oil in the United States for the fourth week.
Futures prices have contracts for Brent around 1% or down 45 cents to $ 48.15 a barrel by 0138 GMT,.
The futures contracts for West Texas Intermediate crude has also fallen by 1% or 47 cents to $ 45.23 a barrel.
The industrial profits in China during the month of August fell by 8.8% compared with the same month last year, as industry profits from January to August fell 1.9%.
Quoted "Reuters" for President of the International Monetary Fund, Christine Lagarde, said in a newspaper interview, said that the fund is likely to be amended its estimate of global economic growth toward the landing, because of slowing growth in emerging economies.
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The futures contracts for West Texas Intermediate crude has also fallen by 1% or 47 cents to $ 45.23 a barrel.
BAGHDAD / Obelisk: Oil prices fell in early Asian trading on Monday, due to weak global economic growth expectations, despite the continued decline in drilling activity for oil in the United States for the fourth week.
Futures prices have contracts for Brent around 1% or down 45 cents to $ 48.15 a barrel by 0138 GMT,.
The futures contracts for West Texas Intermediate crude has also fallen by 1% or 47 cents to $ 45.23 a barrel.
The industrial profits in China during the month of August fell by 8.8% compared with the same month last year, as industry profits from January to August fell 1.9%.
Quoted "Reuters" for President of the International Monetary Fund, Christine Lagarde, said in a newspaper interview, said that the fund is likely to be amended its estimate of global economic growth toward the landing, because of slowing growth in emerging economies.
[You must be registered and logged in to see this link.]
