Oil prices down on concerns about US demand

Global oil prices fell today, Wednesday, after rising in early Asian trading, at a time when markets were balancing concerns about demand in the United States, China’s pledge to support economic growth, the decline in Russian supplies and the decline in US inventories.

According to Reuters, Brent crude futures fell 22 cents to $79.41 a barrel by 0403 GMT, and West Texas Intermediate crude fell 32 cents to $75.43 a barrel.

“There are a lot of positive factors for oil prices from the point of view of supply and demand at the present time, and while we expect a recovery in West Texas Intermediate crude approaching $ 80 a barrel, this does not mean that the market is speculating about The rise because the position of global central banks, which does not tend to tighten, still represents a decline in risk appetite.