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

Oil Prices Slip as Global Demand Concerns Weigh

Oil United States China Europe ECB Texas
Pump jacks operate at sunset in Midland, Texas, US, February 11, 2019. REUTERS/Nick Oxford

Oil slipped on Thursday on worries about rising US crude inventories and concerns about more rate hikes in Europe potentially hitting growth, paring this week's gains on signs of a strong economic rebound in China.

Brent crude futures fell 13 cents, or 0.15%, to $84.18 a barrel at 0715 GMT, while US West Texas Intermediate (WTI) crude futures were down 17 cents, or 0.2%, at $77.52 a barrel, Reuters reported.

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