16 October 2019 10:27 (UTC+04:00)
1 222
By Trend
Oil prices declined on Tuesday as the market continued to be concerned about weak global demand, Trend reports citing Xinhua.
Analysts said investors were worried that trade uncertainties among world's major economies will lead to global economic downturn and dampen oil demand.
The West Texas Intermediate (WTI) for November delivery declined 0.78 U.S. dollar to settle at 52.81 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery erased 0.61 dollar to close at 58.74 dollars a barrel on the London ICE Futures Exchange.
---
Follow us on Twitter @AzerNewsAz
Related News
Oil slips as coronavirus fears offset gasoline recovery signs
Oil edges lower as U.S. inventory build stokes supply fears
Oil up on tighter supply, expectations for positive data
Oil falls as virus resurgence fears weigh on fuel demand recovery
Oil rises after drop in U.S. crude stocks suggests demand pickup
