Oil prices fall amid demand concerns
Oil prices fell more than $1 per barrel, losing more than 1.5 % in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on China’s economic stimulus plans, which raised concerns about demand.
Brent crude futures fell $1.26, or 1.59 %, to $77.78 a barrel.
West Texas Intermediate crude futures, the US intermediary, also fell $1.20, or 1.59 %, to $74.36 a barrel.
Source: National Iraqi News Agency