Oil Updates — Crude extends losses; Petroecuador seeks investor boost; Oil output in Permian to reach record high in September

Follow-ups -eshrag News:

Tue, 2022-08-16 09:06

RIYADH: Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession.

Brent crude futures fell 73 cents, or 0.8 percent, to $94.37 a barrel by 0313 GMT.

WTI crude futures dipped 44 cents, or 0.5 percent, to $88.97 a barrel.

Oil futures fell about 3 percent during the previous session.

Petroecuador seeks investor boost in 23 oil fields

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