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Falling world oil prices

2020-05-29T12:47:53.355Z

SINGAPORE - SANA: International oil prices fell today, heading towards the first weekly decline in five weeks after a



Singapore-Sana

Global oil prices fell today, heading towards the first weekly decline in five weeks after US inventory data showed a lukewarm demand for fuel.

Reuters reported that the price of Brent crude fell 43 cents, or 1.2 per cent, to 34.36 dollars per barrel, while West Texas Intermediate US crude reached 33.14 dollars per barrel, down 57 cents, or 1.7 percent.

West Texas Intermediate crude is on the path to climb by 76 percent this month, its biggest monthly gain ever, while Brent gained 38 percent, the strongest monthly increase since March 1999.

Source: sena

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