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World Brent crude has fallen nearly $ 8 per barrel since its highest level in four years ($ 86.74 per barrel) on October 3. It had declined as global economic growth forecasts collapsed as the United States and China exchanged taxes on products imported from the United States. Billions of dollars.
Brent dropped 76 cents to $ 79.29 a barrel, while US crude fell $ 1.10 or 1.6% to close at $ 68.65 a barrel.
On October 9, the International Monetary Fund lowered its global economic growth forecast in 2018 and 2019, in part because of the impact on trade caused by trade tensions and the imposition of tariffs..
IMF forecasts 3.7% global growth in 2018 and 2019, down from its July forecast of 3.9% for both years.
Previously, Brent had fallen below $ 79 a barrel a day after a report from the US Department of Energy showed that oil producers had put 22 million barrels in storage tanks in the last four weeks..
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World Brent crude has fallen nearly $ 8 per barrel since its highest level in four years ($ 86.74 per barrel) on October 3. It had declined as global economic growth forecasts collapsed as the United States and China exchanged taxes on products imported from the United States. Billions of dollars.
Brent dropped 76 cents to $ 79.29 a barrel, while US crude fell $ 1.10 or 1.6% to close at $ 68.65 a barrel.
On October 9, the International Monetary Fund lowered its global economic growth forecast in 2018 and 2019, in part because of the impact on trade caused by trade tensions and the imposition of tariffs..
IMF forecasts 3.7% global growth in 2018 and 2019, down from its July forecast of 3.9% for both years.
Previously, Brent had fallen below $ 79 a barrel a day after a report from the US Department of Energy showed that oil producers had put 22 million barrels in storage tanks in the last four weeks..
