Oil edges lower after rallying to highest in over a month on Middle East war risk

Economy
  • 8-10-2024, 09:11
    • +A -A

    INA-sources
    Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday.
     
    Brent crude futures fell 23 cents, or 0.3%, to $80.70 per barrel by 0029 GMT. U.S. West Texas Intermediate futures fell 20 cents, or 0.3%, to $76.94 a barrel.
     
    Both contracts rose over 3% on Monday to hit their highest levels since late-August, adding to last week's rally that saw them rise by over 8% for the biggest weekly gains in over a year.
    Source-economictimes

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