Oil prices fall on world

25 November 2024

Oil prices fall on world markets

09:37 28 April 2022 Read: 402

Oil prices fall on world markets

Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world's biggest oil importer, due to COVID-19 restrictions, AzVision.az reports citing Reuters.

Brent crude futures fell $1.48, or 1.41%, to $103.84 a barrel by 0426 GMT. U.S. West Texas Intermediate crude futures slipped $1.39, or 1.36%, to $100.63 a barrel.

Both contracts settled over 30 cents higher in the previous session due to ongoing concerns about tight worldwide supply, and another drawdown in U.S. distillate and gasoline stocks.

More about: Brent WTI

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