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Falling oil prices

2021-07-21T08:29:30.128Z

Singapore, SANA- Oil prices fell today after a sudden increase in US inventories, which increased fears of a sleepover of c



Singapore-Sana

Oil prices fell today after a sudden increase in US inventories, which raised fears of a new growth in Corona virus infections that may reduce demand for fuel.

Reuters reported that Brent crude futures fell 36 cents, or 0.5 percent, to $68.98 a barrel, reversing some gains yesterday when they rose 1.1 percent.

US West Texas Intermediate crude contracts fell 36 cents, or 0.5 percent, to record $66.84 a barrel, after rising by $1 yesterday.

Investors are awaiting data from the US Energy Information Administration to see if it will confirm the increase in inventories, which will come after declines that lasted for eight consecutive weeks.

Source: sena

All business articles on 2021-07-21

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