Oil price eases as weak Asian data, more lockdowns dampen demand hopes


Brent crude ended the session down 48 cents, or 0.7%, at US$69.03 per barrel, while U.S. West Intermediate crude (WTI) settled 70 cents, or 1%, lower at $66.59 a barrel.

NEW YORK: Oil prices weakened for a fourth session on Tuesday due to a strong dollar and as surging cases of coronavirus in Japan added to a weak demand picture in Asia.

Brent crude ended the session down 48 cents, or 0.7%, at US$69.03 per barrel, while U.S. West Intermediate crude (WTI) settled 70 cents, or 1%, lower at $66.59 a barrel.

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Oil price , Brent , oil , West Texas Intermediate , WTI , Asia , data , Delta , virus ,

   

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