Oil prices retreat as investors weigh supply outlook, West Asia tensions
Brent crude futures fell $1.64, or 1.6%, to $104.42 a barrel by 0337 GMT, while U.S. West Texas Intermediate crude futures were down 98 cents, or 1%, to…
The Hindu reports: Brent crude futures fell $1.64, or 1.6%, to $104.42 a barrel by 0337 GMT, while U.S. West Texas Intermediate crude futures were down 98 cents, or 1%, to $94.11, reversing gains from the previous session.
This business story centres on the United States. Names and organisations mentioned in the coverage include West Asia, GMT and West Texas Intermediate.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United States · Americas
- Reported by
- The Hindu
- First reported
- Key names
- West Asia, GMT, West Texas Intermediate
- Section
- Business
Sources
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