Economic, Demand Concerns Push Down Oil Prices

摘要

Brent crude fell to a six-week low near $111 a barrel on Thursday, capping a month-end sell-off that has seen prices fall by almost $8 in two weeks as concerns have resurfaced about the global economy and the strength of demand for oil. Despite initially pushing higher early in the session, Brent eventually succumbed to another wave of selling, dropping below its 100-day moving average for the first time since January as traders digested lower-thanexpected US gross domestic product figures.