Oil has been under pressure from concerns over global economic growth amid ongoing US-China trade tensions. (Reuters)
Upcoming September crude oil trading was completed without a single unsold Gulf crude cargo.
An eventful week ended with downward momentum for oil prices. Brent crude fell to $61.89 and WTI dropped to $55.66 per barrel.
Oil has been under pressure from concerns over global economic growth amid ongoing US-China trade tensions.
However, crude remains healthy, reflected by growing demand from refineries in Asia, where new refining capacity is coming online.
Exports from the Arabian Gulf to Asian