Oil prices fell due to concerns about China's demand and potential Israeli attacks on Iran

From Investing.com: 2024-10-14 04:56:16

Oil prices fell on Monday, erasing gains from last week. China’s stimulus plans did not reassure investors, as concerns about potential Israeli attacks on Iranian oil infrastructure loom. Brent crude was down 1.7% at $77.69 per barrel, while WTI dropped 1.75% to $74.24 per barrel. China’s deflationary pressures worsened in September, with the producer price index falling 2.8% year-on-year. Market worries about a potential Israeli response to Iran’s missile attack also weighed on prices. The US is sending troops and advanced anti-missile systems to Israel, urging caution to prevent a broader Middle East conflict.



Read more at Investing.com: Oil prices erase last week’s gains on China demand woes By Reuters