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Oil prices down 2% as demand concerns outweighs OPEC cuts; Brent dips to $84/bbl
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₹6,895 per bbl, having swung between ₹6,867 and ₹7,090 per bbl during the session so far, against a previous close of ₹7,064 per barrel. ‘’WTI Crude oil plunged more than 5 per cent on Wednesday and closed at a five-week low of $84.22 per bbl, amid lingering demand concerns.
EIA inventory data showed that US gasoline demand has plummeted to its lowest seasonal level in 25 years, as sky-high prices sparked a pullback in consumption,'' said Ravindra Rao, CMT, EPAT, VP-Head Commodity Research, Kotak Securities. "Exciting news! Mint is now on WhatsApp Channels
. Read more on livemint.comAbout this in other media
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