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Oil prices fell about 2% on Tuesday as worries about slower US and Chinese economic growth reduced demand expectations after a sharp rally. Brent settled at $79.55 and WTI at $75.53.
Weaker demand outlooks from the two largest energy consumers lower crude prices, reducing energy and biofuel-linked costs for feed markets.
reuters.comScott DisavinoAug 27, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
