Oil falls under the pressure of a weak demand

Oil prices fell yesterday as the market continues to be affected by potential damage to the global economy and fuel demand due to escalating trade disputes between China and the United States. United States.

In commodity trading, Brent futures dropped by 19 cents, or 0.32%, to $ 58.75 a barrel from the previous settlement and traded at a lower level. level close to its lowest level in seven months.

West Texas Intermediate (WTI) crude forward prices in the United States fell by more than $ 2 to hit a low of $ 51.61 per barrel, or 12 cents or 0.22% from the latest settlement. $ 53.51.

Brent prices fell by more than 9% last week after US President Trump threatened to impose new tariffs on China.