Oil Falls for Third Day on Demand Woes before U.S. Stockpile Data

Related Articles

Kazakhstan’s Oil Output Drops 6% after Damage Cuts CPC Export Capacity

1 hour ago

Oil Exports from Russian Black Sea Ports Dip on Attacks and Storms

2 hours ago

Central Asia Rallies to Prevent Kyrgyzstan’s Winter Energy Crisis

3 hours ago

Oil fell for a third day as a hastening downturn in the euro area added to wider worries about economic growth in top importer China.
West Texas Intermediate futures for October fell toward US$79 a barrel. The contraction in euro-area private sector activity intensified in August, while manufacturing remained in decline. China’s stuttering economy also continues to threaten demand for global commodities.
The industry-funded American Petroleum Institute said U.S. crude stockpiles fell 2.4 million barrels last week, a bullish signal if confirmed by official Energy Information Administration data due later Wednesday.