Oil Continues To Decline Amid Easing Supply Concerns
Singapore: Oil prices edged lower on Tuesday, extending losses from the previous day, as concerns regarding long-term disruptions to Middle East supplies began to ease.
Brent crude futures fell 24 cents, or 0.23%, to $92.33 a barrel, while US West Texas Intermediate (WTI) futures fell 35 cents, or 0.40%, to $86.50 a barrel.
In subsequent trading, Brent crude fell further to $91.56 per barrel, and US crude slipped to $85.79 per barrel. Brent settled down 5.85% in the previous session after sliding to its lowest since August 31.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment