U.S. oil prices fall to their lowest settlement since April


Oil futures declined on Thursday, with U.S. benchmark crude prices marking their lowest settlement since April. “Concerns about faltering demand are beginning to overtake supply worries linked to the Russia-Ukraine war and that is putting pressure on energy futures markets this week,” said Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. West Texas Intermediate crude for August delivery fell 52 cents, or 0.5%, to settle at $95.78 a barrel on the New York Mercantile Exchange.

This article was originally published by Marketwatch.com. Read the original article here.

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