Demand Concerns Drag Oil Prices Lower

Oil demand concern and weaker than expected economic news from China have reversed the gains oil prices booked on Monday after OPEC+’s meeting, with both Brent crude and WTI opening trade on Wednesday with losses. Brent, the international benchmark, slipped from $92.83 per barrel at the end of day Tuesday to $91.72 per barrel at the time of writing, down by more than a percentage point. West Texas Intermediate was down from $86.88 per barrel at close on Tuesday to $85.62 per barrel in early trade on Wednesday. "The OPEC+ news is now in the…