Oil Updates — Crude falls; Canada consults oil emissions cap; White House expects OPEC+’s production hike

Follow-ups -eshrag News:

Tue, 2022-07-19 08:55

RIYADH: Oil prices fell on Tuesday, taking a breather after surging more than $5 a barrel in the previous session as a plunging dollar supported buying interest on expectations the US Federal Reserve’s interest rate hike may be less than thought.

Brent crude futures for September settlement fell 69 cents to $105.58 a barrel by 0036 GMT. The contract rose 5.1 percent on Monday, the biggest percentage gain since April 12.

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