Brent crude at $101.63 per barrel in Asian trade
Kuala Lumpur - KUNA
The price of Brent crude oil was down in Asian trading on Monday by around USD 1.37 to reach USD 101.63 per barrel, compared to last Friday's USD 103 pb. Brent crude futures for August delivery went down by 45 cents to reach USD 101.71 pb, compared to USD 102.16 pb last Friday. The decline in Brent crude prices in Asian trading in Singapore today came after issue of weaker industrial data in China, which caused fears of a slowdown in the growth of the second largest economy in the world, resulting in lower forecasts of global oil demand.
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