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Browsing: Consumer demand

Oil Updates – prices slip on weaker US consumer demand, rise in China output

3 Mins ReadJune 17, 2024

NEW DELHI: Oil prices slipped in Asian trading on Monday after a survey on Friday showed weaker US consumer demand and as May crude production rose in China, the world’s biggest crude importer, according to Reuters.

Oil Updates – prices fall on demand fears over Fed’s rates path

2 Mins ReadMay 22, 2024

TOKYO: Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering US inflation and higher interest rates to depress consumer and industrial demand, according to Reuters.

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