Aug. 20, 2018
Source: Reuters

Slowing economic growth drives oil prices down

Oil prices today fell on the rising concerns over slow economic growth. Brent crude futures were traded 0.3% lower, at $71.59 per barrel. US West Texas Intermediate (WTI) crude futures, on the other hand, were down-priced by 0.4%, at $65.67 per barrel. Experts are of the belief that concerns over emerging market economies centered on Turkey combined with unsatisfactory industrial data from China pressured the commodities.

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