Oil futures prices ended trading today, Tuesday, with a slight decline, once morest the backdrop of fears of a decline in energy demand as a result of the slowdown in the economy, outweighing fears of a decline in supplies following Russia’s decision to stop pumping crude oil through pipelines to a number of European countries, including Hungary. Slovakia and the Czech Republic.
Dealers’ focus also shifted to talks on the Iranian nuclear deal and the possibilities of reviving it, which would open the door to increasing Iran’s oil exports.
The price of West Texas Intermediate, the benchmark for US oil, declined by $0.26, or 0.3%, to $92.50 a barrel for delivery next September, following rising earlier in trading to $92.65 a barrel.
Brent crude, the global oil benchmark, fell by $0.19, or 0.19 percent, to $96.46 a barrel for October delivery.