Oil prices fall around one per cent on Thursday

February 15, 2024 6:10 PM

Oil prices fall around one per cent on Thursday

Oil prices fell around one per cent on Thursday. In intra-day trade, Brent crude was trading 0.98 per cent lower at 80 dollars and 81 cents per barrel, while U.S. West Texas Intermediate crude was also trading down 1.02 per cent at 75 dollars and 85 cents per barrel when reports last came in.

Oil prices fall as concerns over low demand following surprise U.S. crude inventory build

December 21, 2023 6:03 PM

Oil prices fall as concerns over low demand following surprise U.S. crude inventory build

Oil prices fell today as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions due to tensions in West Asia.   In intra-day trade, Brent crude was trading at 79 dollars and 46 cents per barrel, while U.S. West Texas Intermediate crude was trading at 74 dollars and three cents per barrel when reports last came in.