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September 10, 2024 6:33 PM

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Oil Prices Drop on Weak Chinese Demand & US Supply Disruptions from Tropical Storm Francine

Oil prices fell today amid weak Chinese demand and the U.S. supply disruptions from Tropical Storm Francine.     

 

In the global crude market, Brent crude was trading 1.3 per cent down to trade at 70 dollars and 89 cents per barrel and the U.S. West Texas Intermediate (WTI) was trading nearly one and half per cent down at 67 dollars and 78 cents per barrel when reports last came in.