Brent futures fell 72 cents, or 1.0%, to settle at US$73.19 a barrel, while US West Texas Intermediate crude slipped 63 cents, or 0.9%, to settle at US$70.08.
NEW YORK: Oil prices eased about 1% to a one-week low on Tuesday on demand worries following the release of negative economic news from Germany and China, while investors remained cautious ahead of a US Federal Reserve decision on interest rates.
Brent futures fell 72 cents, or 1.0%, to settle at US$73.19 a barrel, while US West Texas Intermediate crude slipped 63 cents, or 0.9%, to settle at US$70.08.
