Follow – conscious
Oil prices fell on Tuesday, paring gains from the previous day, as slowing demand in China continued to weigh on the market.
<a href="https://time.news/oil-market-attentive-to-risks-in-the-suez-canal-with-fluctuations-in-oil-prices/" title="Oil market attentive to risks in the Suez Canal, with fluctuations in oil prices“>Brent crude futures for delivery in December fell by 26 cents, or 0.3%, to $74.03 per barrel, and US West Texas Intermediate crude futures for delivery in November fell by two years to $70.54 per barrel on the last day of the contract as the nearest month of maturity.
West Texas Intermediate crude futures, the most widely traded for December, lost 23 cents, or 0.3%, to $69.81 per barrel.
Brent and West Texas Intermediate crude contracts settled at an increase of about 2% yesterday, Monday, compensating for some of the decline witnessed last week by more than 7%.
Source: Arabic