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Brent Oil - Crude oil extends decline despite geopolitical tensions; 4 key reasons weighing on prices

21-05-2024 02:37

Crude oil prices fell despite the ongoing geopolitical tensions and ahead of the meeting of the Organization of the Petroleum Exporting Countries and its affiliates, together known as OPEC+ on supply.

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Oil falls as Fed interest rate outlook stokes demand fears

Oil prices extended losses on Tuesday, with investors expecting lingering U.S. inflation to keep interest rates higher for longer, depressing consumer and industrial demand. Brent crude futures fell 64 cents,

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