Oil Updates – prices sputter near 3-month lows as demand concerns mount

LONDON: Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, weighed down by concerns over waning demand in the world’s top oil consumers, the US and China.

Brent crude futures advanced by 15 cents to $81.76 a barrel by 9:36 a.m. Saudi time, while US crude futures dipped 2 cents to $77.35 a barrel. Both declined to the lowest since July 24 on Tuesday.