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  • 3 years ago
Oil prices ease despite supply shutdown, China's economic situation

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00:00 Oil prices have dipped as investors fear of tighter supplies from oil exporting
00:05 countries is outweighed by concern over a seasonal shutdown due to the upcoming
00:10 winter and a still uncertain outlook for China. Red crude fell 36 cents to settle
00:16 at $90 and 24 cents per barrel while West Texas Intermediate also fell 37
00:22 cents to settle at $87 and 17 cents per barrel. Both benchmarks spiked earlier
00:28 this week's supply cuts from top global oil exporters.

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