Shares in oil majors fall as crude prices drop after lackluster Chinese manufacturing data sparked fears about economic growth

Market news

2 January 2019

Shares in oil majors fall as crude prices drop after lackluster Chinese manufacturing data sparked fears about economic growth

BP and Royal Dutch Shell are both down about 1.7% after the price of a barrel of Brent crude declines 2.3% to $52.60, with U.S. light crude off 2.1% at $44.48

The European Central Bank will raise the deposit interest rate by 20 basis points in September 2019, according to BNP Paribas projections

The end of 2018 saw a further modest improvement in business conditions in the UK manufacturing sector

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