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Notimex .- Oil prices fell on Monday due to growing concerns over fuel demand, after the G20 warned that risks to global economic growth have increased due to geopolitical tensions. [19659002Financeministersandcentralbankgovernorshavefinallyopenedthegroupofthe20BuenosAiresceweek-endcountriesincreasingtheGroupoftheGroupofTradeandGovoliticalIncomefromGrowingGrowth
"World economic growth remains strong and unemployment is in a low decade," financial executives said in a statement.
"However, growth has been less synchronized recently, and downside risks have increased in the short and medium term."
Discussions took place in the midst of growing rhetoric in trade dispute l between the United States and China, the largest economies in the world, which have so far imposed tariffs on products of about 34 billion dollars.
"The Impact of the Trade War … Begins in the Consciousness of Greg McKenna, Chief Market Strategist at AxiTrader
Economic Growth and Growth in Oil Demand closely related to the expansion of economies that support consumer spending, fuel for trade and travel, and automobiles.
US energy companies reduced the number of active oil platforms, the sharpest decline since March, since the growth rate was slowed down over the past month with recent declines in crude oil prices.
Hedge funds and debt managers. they narrowed their bullish bets on the US crude for the first time in almost a month, another sign of a weaker sentiment for the market.
Monday, the barrel of oil from Brent North Sea for Deliveries in September It was trading at $ 72.97 at the beginning of the session (3:00 GMT) on the Intercontinental Petroleum Exchange (ICE) electronic market.
Brent, the international benchmark for oil prices, was down 10 cents (0.14%) from Friday's previous close at 73.07
Meanwhile, West Texas Intermediate crude (WTI), benchmark in the United States, for shipments in September also at 08:00 GMT, was down eight cents For its part, the basket of the Organization of Petroleum Exporting Countries (OPEC) has was quoted Friday at 71.57 dollars, an increase of 66 cents (0.92). by c iento) regarding the session last Thursday, the cartel reported.
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