11:36 - 2.05.2023
May 2, Fineko/abc.az. China's concerns about the economic outlook and investors' caution in financial markets because of the banking crisis contributed to decline in oil prices.
ABC.AZ reports that a barrel of oil fell below $76 after U.S. crude oil dropped 1.5%.
Growth of tourist activity on the first day of the 5-day Labor Day holidays in China has led to increase in fuel demand from the world's largest importer of crude oil.
At that, in the U.S., JPMorgan Chase agreed to buy the last bankrupt bank First Republic.
