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Oil Prices Fall on Lingering Concerns of Weakening Demand


Tuesday, 9 July 2019 12:38 WIB

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Oil prices fell on Tuesday in Asia amid lingering concerns of weakening global demand.

U.S. Crude Oil WTI Futures fell 0.4% to $57.45 by 12:40 AM ET (04:40 GMT). International Brent Oil Futures were down 0.3% to $63.92.

Oil prices have been under pressure amid worries of weakening demand.

Concerns that the Sino-U.S trade depute might drag on for a while, even after the two sides agreed to resume talks, were also cited as headwind for the oil markets.

The countries are the world's two largest oil consumers.

Source : Investing.com


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