Singapore: Oil prices were steady in early Asian trade on Wednesday, as signs of weakening demand growth in China clashed with the prospect of declining US oil stockpiles. Brent crude oil futures fell by 11 cents, or 0.1%, to $83.62 a barrel, and US West Texas Intermediate crude futures were also 11 cents, or 0.1%, lower at $80.65 a barrel. Both benchmarks have dropped in the three prior sessions, with Brent crude futures trading as low as $83.30 on Tuesday, the lowest since June 17. The demand concerns and dollar strength offset signs of tightening supply in the US, the worlds largest oil producer and consumer. Source: Qatar News Agency
Recent Post
Qatar and Lebanon Explore New Avenues for Cooperation
October 16, 2026
Al Arabi Crush Al Shahania 6-0 in Doha Bank Stars League
October 16, 2026
Qatar and Lebanon Explore New Avenues for Cooperation
October 16, 2026
Foreign Ministers Condemn Colombia’s Embassy Opening in Jerusalem
October 16, 2026