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Falling oil prices

2022-08-03T20:53:58.468Z

New York, SANA- Oil prices fell about four percent today, and the pace of their losses accelerated after government data showed...



New York-Sana

Oil prices fell about 4 percent today, and their losses accelerated after US government data showed a sudden increase in crude and gasoline stocks last week.

Reuters reported that the international benchmark Brent crude contracts expired to the nearest maturity of the trading session, as low as $3.76, or 3.7 percent, to settle at $96.78 a barrel.

US West Texas Intermediate crude contracts fell $3.76, or 4 percent, to close at $90.66 a barrel.

Both benchmarks fluctuated between ups and downs earlier in the session.

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Source: sena

All business articles on 2022-08-03

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