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Oil Stays Below $109 on Weaker Outlook for Demand Growth
Mar. 14, 2013 05:26PM PST
Oil and Gas InvestingReuters reported that oil stayed below $109 per barrel due to a weaker outlook for demand growth in top consumers China and the US.
Reuters reported that oil stayed below $109 per barrel due to a weaker outlook for demand growth in top consumers China and the US.
As quoted in the market news:
Brent crude gained 36 cents to $108.88 a barrel by 1017 GMT. The global benchmark fell for the last four sessions. U.S. oil gained 17 cents to $92.69, after sliding to $92.18.
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