Oil Falls Amid Weak Demand, Supply Disruptions Due To Storm ‘Francine’

  • International
  • 10 September 2024
1

Oil prices fell slightly on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine, while risks of a global oversupply continued to weigh on the market.

Brent crude futures fell four cents, or 0.06 percent, to $72.80 a barrel. West Texas Intermediate crude futures U.S. West Texas Intermediate crude futures lost 10 cents, or 0.15 percent, to $68.60 a barrel. Both benchmark crudes were up about 1 percent at settlement on Monday.

Source (Al-Arabiya.net, Edited)

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