Oil down as economic headwinds weigh on demand outlook

New Delhi, Jan. 22 (BNA): Oil prices lost more ground on Monday as economic headwinds pressured the global oil demand outlook.

 

Brent crude fell 23 cents, or 0.3%, to $78.33 a barrel by 0732 GMT after settling down 54 cents on Friday, Reuters reported.

 

The front-month U.S. West Texas Intermediate crude futures, for February delivery, were down 28 cents to $73.13 a barrel with the contract set to expire later on Monday. The more active March WTI contract was at $73.04 a barrel, down 21 cents.

 

 

 

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