Oil prices fall on predictions of swelling crude inventories, weak demand

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NEW YORK : Oil prices slipped for a third trading session on Tuesday as investors focused on the prospect of swelling oil supplies and weak demand, while showing little reaction to U.S.presidential campaign upheaval.

Brent crude futures for September fell 9 cents to $82.31 a barrel by 0005 GMT.U.S.

President Joe Biden's decision to call off his reelection bid and endorse Vice President Kamala Harris on Sunday.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Focused September Port Analysts Crude Brent Prices Barrel Tuesday Nakhodka Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 08:41:23 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21741986

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 41 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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