Oil Update — crude falls as weak China data offsets US debt ceiling progress

RIYADH: Oil prices fell by nearly 2 percent on Wednesday as a stronger US dollar and weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down $1.69, or 2.30 percent, to $71.85 a barrel at 3:15 p.m. Saudi time, while US West Texas Intermediate crude fell $1.99, or 2.87 percent, to $67.47. China’s manufacturing activity

Related Keywords

Saudi Arabia ,Iraq ,Riyadh ,Ar Riya ,Netherlands ,China ,Texas ,United States ,Russia ,Iraqi ,Saudi ,Dutch ,Kevin Mccarthy ,Vladimir Putin ,Joe Biden ,Igor Sechin ,Rosneft ,Basra Oil Co ,Reuters ,Texas Intermediate ,President Joe Biden ,House Speaker Kevin Mccarthy ,President Vladimir Putin ,Iraqi Cabinet ,Basra Oil ,Royal Boskalis ,Jubail ,Al Ahsa ,Al Kharj ,Taif ,Qatif ,Soil ,Dammam ,Abha ,Asir ,Yanbu ,Islam ,Jobs ,Sports ,Khalij Times ,Gulf News ,Saudi Gazette ,Tabuk ,Mecca ,Medina ,Almadinah ,Jeddah ,Makkah ,Hail ,Eastern ,King Abdullah ,Obs In Saudi ,Work In Saudi Arabia ,Mrah ,Hajj عرب نيوز ,