On Monday, Brent crude oil, a key benchmark for Angolan exports, fell by approximately 1.76%, reaching its lowest price since January. Concerns over a potential recession in the United States contributed to this decline.
According to Banca March, cited by Efe, recent data indicating a slowdown in US employment and industrial activity, coupled with weak growth signs in China, have fueled investor fears of reduced oil demand.
At 1 PM today, Brent crude was trading at $75.46 per barrel, down 1.76%, marking its lowest level since January, as reported by Bloomberg. Simultaneously, West Texas Intermediate (WTI), the benchmark for US crude oil, dropped by 2.1% to $71.99 per barrel, according to Lusa.
