Oil struggles for direction as worrisome demand picture persists
Monday, 8 July 2019 18:57 WIB | ENERGY |WTIMinyak jenis Brent

Oil futures flipped between small gains and losses Monday to kick off a new week of trading after prices suffered their first weekly loss in three through last Friday as energy-demand worries persist.

August West Texas Intermediate crude was recently down 4 cents, or 0.1%, to $57.47 a barrel on the New York Mercantile Exchange. The contract lost 1.6% for last week, according to Dow Jones Market data.

International benchmark September Brent edged 2 cents lower, or less than 0.1%, to $64.21 a barrel on ICE Futures Europe. Brent declined 0.8% for last week. Oil futures had posted minor gains in earlier action.

Source: Marketwatch

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