Economy
Oil Updates — Crude eases; Price cap of Russian oil by December; Crude production resumed in Libya
Follow-ups -eshrag News:
Thu, 2022-07-21 08:29
RIYADH: Oil prices fell on Thursday for a second straight session, as demand concerns outweighed tight global supply after US government data showed tepid gasoline demand during the peak summer driving season.
Brent crude futures dropped 77 cents, or 0.7 percent, to $106.15 a barrel by 0427 GMT after slipping 0.4 percent in the previous session.
US West Texas Intermediate crude futures fell 88 cents, or 0.9 percent, to $99.00 a barrel following a 1.9 percent drop on Wednesday.
US hopes for global price cap on Russian oil by December
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