2023-11-07T03:45:53+00:00
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/ Oil prices fell today, Tuesday, giving up most of the previous day’s gains, due to concerns about weak demand in China, with investors focusing on trade data scheduled to be released later in the day to measure demand from the second largest oil consumer in the world.
Brent crude futures fell 23 cents, or 0.3 percent, to $84.95 per barrel by 0127 GMT, while US West Texas Intermediate crude fell 23 cents, or 0.3 percent, to $80.59 per barrel, according to Reuters news agency.
The two benchmarks rose about 30 cents on Monday after Saudi Arabia and Russia, the two largest oil exporters, confirmed their commitment to additional voluntary cuts in oil supplies until the end of the year.