Oil prices stutter after hitting 3 months lows, demand concerns mount

Tokyo, Nov. 8 (BNA): Oil prices stuttered on Wednesday after sliding to their lowest in over three months in the previous session, weighed down by concerns over waning demand in the world’s top oil consumers, the United States and China.

 

Brent crude futures ticked up slightly by 4 cents to $81.65 a barrel, Reuters reported.

 

While US crude futures dipped 14 cents to $77.24 a barrel.

 

Both declined to the lowest since July 24 on Tuesday.

 

W.M