Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
Tue, Oct 15, 2019 | Last Updated 9:54 am IST

Menu &Sections

Search

Oil prices recovered some ground, depress demand in the future

Oil prices recovered some ground, depress demand in the future
Oil prices recovered some ground, depress demand in the future
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand. Brent crude was up 12 cents, or 0.21 per cent, at $58.38/barrel by 0425 GMT, while US West Texas Intermediate futures gained 20 cents, or 0.37 per cent, at $54.14/barrel.

Oil prices recovered some ground, depress demand in the future

Oil prices sunk to a nearly one-month low on Tuesday following data that showed US manufacturing activity in August contracted for the first time in three years and eurozone manufacturing activity contracted for a seventh month in August.



But global markets bounced on Wednesday after a private survey showed that activity in china's services sector expanded at the fastest pace in three months in August as new orders rose, prompting the biggest increase in hiring in over a year.


Oil prices recovered some ground, depress demand in the future
5/ 5 - (1 votes)
Add To Favourite
More from author
NASAs new mission is to study the Sun
IRCTC IPO subscribed nearly 112 times on back of strong demand across investor categories
Auto sector continues to be on slide due to low consumer demand
Quality of Air in Delhi is very poor
Apply for Various Posts in ONGC
Mobile Phones rings in Kashmir Valley after 68 days
Indian consulate Embassy list steps for normalcy in Kashmir
10,000 HAL workers begins their Indefinite Strike
4 National Level Hockey Players died in car crash in MP
PM Modi has 30 Million followers on Instagram
When will TSRTC strike come to an end?
Sourav Ganguly set to become Chief of BCCI
India gets started on a rail link between Raxaul in Bihar to the Nepalese capital
Air India says issues regarding aviation fuel payments would be resolved early
India slowed considerably from go-go-years before financial crisis: Raghuram Rajan
BJP not yet projected any chief ministerial face for upcoming Assembly polls in Delhi
Congress Leader Rahul Gandhi campaigns for the party in Haryana today
Investigations going on in sensational Jolly Joseph serial murders case
North East Monsoon likely be begin in Tamilnadu from October 17
Sunil Gavaskar questions about Players security after this incident
PM Modi dared Rahul Gandhi on abrogation of Article 370
BJP may face tough time in Thanesar seat as Ex- INLD chief joined Congress
This Woman is a super bike racer in India
Mobile Phone services to be restored from October 14 at Kashmir
Tomatoes provided better healthy to your heart
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional