London-Sana
Oil prices fell in global markets today amid concerns that rising coal and natural gas prices will increase inflation and slow global growth, limiting demand for oil.
Reuters reported that US West Texas crude futures fell 71 cents, or 0.9 percent, to $79.93 a barrel, after rising 12 cents yesterday.
Brent crude contracts fell 70 cents, or 0.8 percent, to $82.72 a barrel, extending its losses, which amounted to 23 cents yesterday.
The International Monetary Fund yesterday cut its growth forecast for the United States and other major economies on concerns that disruptions in supply and supply chains, as well as cost pressures, will disrupt the global economic recovery from the Corona virus pandemic.
