Oil prices fall on fears faltering economic growth to hit demand

Topics Oil Prices | Crude Oil | Brent crude

By Noah Browning LONDON (Reuters) -Oil prices edged down on Wednesday as expectations grew that demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation fuel limited losses. Brent crude futures were down 76 cents, or 0.9%, at $82.66 a barrel at 1406 GMT. U.

S. West Texas Intermediate (WTI) crude futures fell 80 cents or 0.9% to $79.84 a barrel. Weighing on prices, China, the world's biggest crude importer, released data showing September imports fell 15%.

This article is no longer available in our repository.

There could be multiple reasons for this.