Oil prices fall as sup­ply in­creases

Yorkshire Post - - MONEY -

Oil prices fell to mul­ti­month lows on Fri­day as global sup­ply in­creased and in­vestors wor­ried about the im­pact on fuel de­mand of lower eco­nomic growth and trade dis­putes.

Bench­mark Brent crude fell be­low $70 a bar­rel for the first time since early April, down more than 18 per cent since reach­ing four-year highs at the be­gin­ning of Oc­to­ber. Brent dropped $1.52 to a low of $69.13 be­fore re­cov­er­ing to around $69.85.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.