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Brent and U.S. oil fall to fresh 6-1/2-year lows over China

Published 2015-08-23, 09:32 p/m
© Reuters. Brent and U.S. oil fall to fresh 6-1/2-year lows over China
LCO
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CL
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SEOUL, Aug 24 (Reuters) - Brent and U.S. crude oil futures
hit their fresh 6-1/2-year lows on Monday, as investors continue
to worry about weak demand as China's economy slows amid a
global supply surplus.
Brent oil LCOc1 lost 44 cents at $45.02 a barrel as of
0125 GMT after hitting its intraday low of $45.00 earlier the
day. That's the lowest since $42.59 marked in March of 2009. On
Friday it ended $1.16, or 2.5 percent, lower at $45.46 a barrel.
U.S. October crude CLc1 also had dropped 60 cents to
$39.85 a barrel, after hitting $39.71 a barrel or the lowest
since $39.44 in March of 2009.
In the previous session it settled 87 cents, or 2.1 percent,
lower at $40.45 a barrel.

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