Brent crude falls over 2% to $70/bbl on supply concerns and weaker demand
Tue, Oct 1, 2024 5:04 PM

Brent crude falls over 2% to $70/bbl on supply concerns and weaker demand

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Brent crude oil prices fell over 2% on Tuesday, reaching $69.91, the lowest level since 11 September, amid concerns over demand and the potential for oversupply. These worries came despite escalating tensions in the Middle East. By 08:40 GMT, Brent crude futures were down $1.49, or 2.08%, trading at $70.21 per barrel, while U.S. West Texas Intermediate crude futures slid $1.55, or 2.27%.

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