LONDON, Oct 29 (Reuters) - Brent oil prices are finely
balanced at around $60 a barrel but are more likely to move
lower than higher in the near term due to U.S.-China trade
tensions, BP Chief Financial Officer said.
Speaking to Reuters after BP reported a 40% drop in third
quarter results, Brian Gilvary said global oil demand growth
slowed to 900,000 barrels per day in the quarter.
That compared with demand growth of 1.3 million bpd in the
first three months of the year and 1 million bpd in the second
quarter, Gilvary said.
"It really is finely balanced at around $60," Gilvary said.
"We are seeing demand impacted by uncertainty over U.S.-
China trade tensions," he said.
(Reporting by Ron Bousso, editing by Louise Heavens)
BP (BP.)
