Oil Prices Fall as Threat of Storm in America Recedes

  • International
  • 11 November 2024
1

Oil prices continued to fall on Monday, Nov. 11, as concerns about supply disruptions due to Storm Rafael eased, and after China's stimulus plan disappointed investors who had hoped for fuel demand growth in the world's second-largest oil consumer. West Texas Intermediate crude futures fell 0.41 cents, or 0.58%, to $69.97 a barrel, while Brent crude futures fell 36 cents, or 0.49%, to $73.51 a barrel. The two-benchmark indices fell more than 2% last Friday.

Source (CNBC Arabia Website, Edited)

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