Oil prices continue to dip in global markets

TVC E, BUSINESS – Oil prices have remained lower in the global markets as China’s diesel consumption declined for the fourth consecutive month.

This is coming as Saudi Arabia says She won’t cut spending on oil projects despite lower revenue from the sector.

At the London market, the Brent crude trades for twenty nine dollars per barrel, dropping in value by more than two percent.

For the OPEC basket crude, price improves to twenty five dollars a barrel.