Marine Link
Tuesday, May 24, 2022

Brent Crude Falls More than 7 Percent

Maritime Activity Reports, Inc.

September 1, 2015

Brent crude futures tumbled more than 7 percent on Tuesday, falling back below $50 a barrel as data highlighting China's contracting manufacturing sector revived concerns about global demand for petroleum.

 
Brent October crude was down $4 at $50.15 a barrel at 11:55 a.m. EDT (1555 GMT), just after falling as low as $49.72.
 
 
(Reporting by Robert Gibbons; Editing by David Gregorio)

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week