Markets > Commodities

Oil prices decline amid demand concerns

2019-09-25 06:45

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NEW YORK, Sept. 24 (Xinhua) -- Oil prices declined on Tuesday as investors were concerned about weak demand outlook.

Analysts said the market was worried that trade tensions between the United States and its major trading partners would lead to global economic slowdown and further dampen the energy demand.

The West Texas Intermediate for November delivery decreased 1.35 U.S. dollars to settle at 57.29 dollars a barrel on the New York Mercantile Exchange, and Brent crude for November delivery erased 1.67 dollars to close at 63.10 dollars a barrel on the London ICE Futures Exchange.
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