Oil price slips as demand worries erase early bounce from Saudi price increase


Brent futures fell 26 cents, or 0.9%, to settle at US$29.46 a barrel, while U.S. West Texas Intermediate (WTI) crude lost 44 cents, or 1.8%, to settle at $23.55.

NEW YORK: Oil prices slipped on Thursday as global supply and demand worries erased earlier gains seen from an increase in Saudi Arabia's official crude selling price and a surprise rise in Chinese exports last month.

Brent futures fell 26 cents, or 0.9%, to settle at US$29.46 a barrel, while U.S. West Texas Intermediate (WTI) crude lost 44 cents, or 1.8%, to settle at $23.55.

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oil , price , markets , Brent , WTI , West Texas Intermediate , Saudi ,

   

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