Brent oil stabilizes near $72 as economic concerns weigh

Young journalists club

News ID: 27673
Publish Date: 16:32 - 20 August 2018
TEHRAN, August 20 -Brent oil stabilized near $72 per barrel on Monday after several weeks of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in supply from Iran due to U.S. sanctions.

Brent oil stabilizes near $72 as economic concerns weighTEHRAN, Young Journalists Club (YJC) -Brent oil stabilized near $72 per barrel on Monday after several weeks of decline, weighed down by concerns over slowing global economic growth but supported by an expected fall in supply from Iran due to U.S. sanctions. 

Brent crude futures, a benchmark for international oil prices, were at $72.13 per barrel at 1138 GMT, up 30 cents.

U.S. West Texas Intermediate (WTI) crude futures were down 3 cents at $65.88 per barrel.

Brent crude futures, a benchmark for international oil prices, were at $72.13 per barrel at 1138 GMT, up 30 cents.

U.S. West Texas Intermediate (WTI) crude futures were down 3 cents at $65.88 per barrel.

Source:Reuters

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