Crude oil prices fall on demand concerns, Brent below $70, near 3-year low

Quick Summary:

On Tuesday, the Organization of the Petroleum Exporting Countries (Opec) in a monthly report said world oil demand will rise by 2.

Tropical Storm Francine barrelled across the Gulf of Mexico, on track to become a hurricane on Tuesday, the US National Hurricane Center said.

Exxon Mobil, Shell and Chevron removed offshore staff and halted some oil and gas operations at facilities in the Gulf of Mexico.

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Category: BusinessFinance

Markets: IndiaBrazilChinaMexico

Topics: Brent Oil prices Crude oil prices Brent crude Crude oil

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 22:57:47 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 22451263

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