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Oil falls after Saudi cuts prices, China slows imports

WorldNews Monday, 7 September 2020 ()
Oil falls after Saudi cuts prices, China slows importsLONDON — Oil prices fell on Monday as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months and uncertainty over China’s oil demand cloud oil markets’ recovery. Brent crude was at $42.04 a barrel, down 62 cents or 1.4% by 0859 GMT, after earlier sliding to $41.51, the lowest since July 30. U.S. West Texas Intermediate crude...
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