Oil prices fall on emerging market woes, looming tariff deadline
Updated : September 06, 2018 07:58:51 IST
US West Texas Intermediate (WTI) crude futures were at $68.47 per barrel at 0031 GMT, down 25 cents, or 0.4 percent, from their last settlement.
Given that China and emerging markets more broadly are key demand growth areas for oil markets, analysts said crude prices had come under downward pressure.
The producer cartel of the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that it expected global oil demand to break through 100 million barrels per day for the first time later this year.