Brent crude futures settled down US$3.53, or 4.6%, at US$73.54 a barrel. US West Texas Intermediate crude (WTI) was down US$3.21, or 4.4%, from Friday's close, to US$69.46 a barrel.
NEW YORK: Oil prices fell more than 4% on Tuesday on concerns about whether the US Congress will pass the US debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the Opec+ meeting this weekend.
Brent crude futures settled down US$3.53, or 4.6%, at US$73.54 a barrel. US West Texas Intermediate crude (WTI) was down US$3.21, or 4.4%, from Friday's close, to US$69.46 a barrel. There was no settlement on Monday because of a US public holiday.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
