Brent oil falls as recession fears increase fuel demand concerns
The Star Online - Business·2022-07-05 19:00
SINGAPORE: Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway.
Brent crude futures for September settlement fell by 60 cents, or 0.5%, to $112.89 a barrel by 0638 GMT.
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