Oil prices fell for a fifth straight session on Thursday as investors worried about the global demand outlook, despite a decline in US fuel inventories and expectations of a US interest rate cut in September. Brent crude futures fell 9 cents to $75.96 a barrel, while US West Texas Intermediate (WTI) crude futures fell 19 cents to $71.74 a barrel. The front-month WTI contract crude for October has fallen 6.9 percent since Aug. 15, while Brent futures are down 6.4 percent over the same period. Prices fell after a report on Wednesday of revised US employment statistics that showed fewer jobs than previously reported, along with weak economic data from China, the world's second-largest economy. The revised job data offset support from a drop in US oil inventories. Source: Qatar News Agency
You are here:
Home » Oil Prices Fall for Fifth Session amid Global Demand Concerns
Oil Prices Fall for Fifth Session amid Global Demand Concerns
POPULAR POSTS
QLM Profits Fall Back 22.48%
August 11, 2026
US Stock Indexes Open Mixed on Wall Street
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
QSE Index Opens Lower on Tuesday
August 11, 2026
S. Korea Exports Surge by 57.3% in Q2, Boosted by Semiconductors
August 11, 2026
Oman Crude Oil Price Goes Up by USD 8.13
August 11, 2026