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Asharq Al-Awsat

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Asharq Al-Awsat

Oil Prices Slide on Uncertainty over Global Economic Outlook, Rate Hikes

Oil United States China Economy Interest Rates Recession Texas

Pump jacks operate at sunset in Midland, Texas, US, February 11, 2019. REUTERS/Nick Oxford

Oil prices fell on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts.

Brent crude slipped 75 cents, or 0.92%, to $80.91 a barrel by 0409 GMT, while US West Texas Intermediate crude was at $77.13 a barrel, down 74 cents, 0.95% lower, Reuters reported.

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UN says Pentagon plan to livestream execution of Fort Hood shooter would amount to torture – US politics live

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One subscription that gives you access to news from hundreds of sites

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UN says Pentagon plan to livestream execution of Fort Hood shooter would amount to torture – US politics live

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