International benchmarks for crude oil inched down by 1.7% on Monday, 17 July 2023, instigated by the underperforming economic growth in China calling into question the robustness of the demand from the world’s second-biggest oil consumer.
International benchmarks for crude oil dropped by more than a dollar per barrel on Friday, 14 July 2023 but still recorded weekly gains as the dollar index strengthened and oil traders cash out the profit gains from the recent strong rally.