Markets

Brent Below $109 as Global Demand Wanes

Brent crude oil fell further on Thursday morning and traded at $108.68 at 9:28 GMT. The commodity faced pressure from waning global demand after the two largest consumers, the US and China, struggled with stalling growth.

China's central bank worried investors by making comments about stabilizing inflation expectations. The remarks sparked concern nation's pro-growth policy could be abandoned sooner than expected. Original forecasts for a hefty demand from the nation could be reduced as a result.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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