Oil futures fell Tuesday, with traders focusing on Saudi Arabia’s pledge to play a “responsible role” in energy markets despite international criticism over the killing of dissident journalist Jamal Khashoggi.
A China-led global equity rout was also seen weighing on sentiment, putting pressure on assets perceived as risky, including most commodities. U.S. stock-index futures pointed to a sharply lower open, with Dow futures off more than 400 points.
West Texas Intermediate crude for December delivery on the New York Mercantile Exchange fell $1.09, or 1.6%, to $68.27 a barrel. December Brent crude the global benchmark, was off $1.38, or 1.7%, to $78.45 a barrel on the ICE Europe exchange.
Source : Marketwatch