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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Oil Prices Fall on Fears of Economic Slowdown

Oil United States China Tina Teng Texas
General view of the Staatsolie refinery owned by Suriname State Oil Company in Wanica, Suriname, on September 26, 2022. (AFP)

Oil prices edged lower on Tuesday on fears of an economic slowdown and lower fuel demand from China as it persists with its stringent zero-COVID policy.

Brent crude futures fell 41 cents, or 0.45%, to $91.21 a barrel by 0948 GMT while US West Texas Intermediate (WTI) crude futures fell 41 cents, or 0.48%, to $85.05.

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