Brent crude slides by almost $3.50 a barrel to below $74 after Opec cuts forecasts for demand growthBusiness live – latest updatesGlobal oil prices have tumbled by almost $3.50 a barrel amid ongoing concerns about a slowdown in China and as fears ease about the possibility of an attack by Israel on Iran’s energy facilities.The Israeli prime minister, Benjamin Netanyahu, has reportedly offered assurances to the White House that its retaliation against Iran for its missile attack at the start of October would not target oil export terminals or nuclear facilities, which could send market prices soaring. Continue reading…
Source link : https://www.theguardian.com/business/2024/oct/15/oil-price-falls-china-middle-east-brent-crude-opec
Author : Jillian Ambrose Energy correspondent
Publish date : 2024-10-15 12:19:00
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Oil price slides amid China slowdown and easing Middle East fears
