New York-Sana
Oil prices fell more than 3 percent today after weak economic data from China and the United States, the world's largest oil consumers, while rising crude production from OPEC producers raised fears of weak demand and oversupply.
Reuters reported that the global benchmark Brent crude contracts ended the trading session as low as $2.52, or 3.3 percent, to settle at $72.89 a barrel, while the US West Texas Intermediate crude contracts fell by $2.69, or 3.6 percent, to settle at $71.26 a barrel.
