Brent dips below $94/b as demand outlook turns worse

16.08.2022

Oil prices fell by more than $4 a barrel on Monday on demand fears as disappointing Chinese economic data renewed global recession concerns.

Brent crude futures fell $4.35, or 4.43%, to $93.80 a barrel by 1351 GMT after settling 1.5% lower on Friday.

U.S. West Texas Intermediate crude was down $4.23, or...