A 0 75 Percent Decrease From The Closing Price Of Usd85 28a Barrel In Previous Trading Session American Benchmark West Texas Intermediate Wti Traded At Usd79 31 Per Same Time News Today : Breaking News, Live Updates & Top Stories | Vimarsana
(Photo from Anadolu) ANKARA-Oil prices fell on Monday ahead of industry data by two major energy watchdogs as well as rising Covid-19 (coronavirus disease 2019) cases in China. International benchmark Brent crude traded at USD84.64 per barrel at 10.26 a.m. local time (0726 GMT), a 0.75 percent decrease from the closing price of USD85.28 a barrel in the previous trading session. The American benchmark West Texas Intermediate (WTI) traded at USD79.31 per barrel at the same time, a 0.99 percent loss after the previous session closed at USD80.11 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) and International Energy Agency (IEA) will publish their monthly oil market reports on Tuesday and Wednesday, respectively, which will cover major issues affecting the world oil market and provide an outlook for demand and supply in the crude oil market. The markets are also highly concerned that the rising Covid-19 cases in China, the largest oil importer in the world, may impe