Oil prices are declining for the second day in a row due to concerns in China

Oil prices are declining for the second day in a row due to concerns in China

Due to worries about petroleum demand and China’s “zero Kovid” policy, oil prices declined in trading today, Tuesday, for the second straight day.
US West Texas Intermediate crude futures had dropped by 0. 28% to $91.53 per barrel at 09:38 Moscow time, while Brent crude futures had down by 0. 21% to $97.71 per barrel.
Oil prices had completed trading yesterday at the level of $ 97. 92 a barrel for “Brent” crude at 91. 79 dollars a barrel for American crude.
Source: Bloomberg and RT.

Due to worries in China, oil prices are falling for the second day in a row.

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Economics