Oil prices fall on world

Oil prices fall on world markets

09:41 20 May 2022 Read: 461

Oil prices fall on world markets

Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand, AzVision.az reports citing Reuters.

Brent futures for July fell 63 cents, or 0.56%, to $111.41 a barrel by 0432 GMT, while U.S. West Texas Intermediate (WTI) crude for June fell $1.36, or 1.21%, to $110.85 on its last day as the front-month.

The more actively traded WTI contract for July was down 0.82% at $108.99 a barrel.

More about: Brent WTI crude

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