Crude oil prices have experienced a decline after hovering near six-month highs. As of 02:32 GMT, US crude futures fell by $2.14, or 2.07%, reaching $101.13 per barrel. Simultaneously, Brent crude futures dropped by $2.12, or 1.82%, to trade at $114.60. The dip occurs despite persistent market concerns surrounding supply levels.
Economy
Oil prices dip from six-month highs amid supply concerns
Crude oil futures have retreated from near six-month highs despite ongoing concerns regarding global supply.
Source: The Business Standard