Oil prices fell in trading today, Tuesday, in light of concerns about the tightening of monetary policy by the US Federal Reserve, which clouded hopes for a recovery in demand in China.
By 11:48 Moscow time, futures for American oil fell by 0.44% to $74.30 per barrel.
At the same time, futures for Brent crude oil fell 0.49% to $79.26 per barrel, according to Bloomberg data.
Commenting on this, economist Warren Patterson, head of commodities strategy at ING Group, said: “Weakness in the dollar and growing optimism about demand in China have provided support for (oil) prices.”
Source: RT + Bloomberg