Oil prices fell for a second day in early Asian trade Thursday as concerns over geopolitical tensions eased and China’s rising number of COVID-19 cases added to demand concerns at the world’s largest crude oil importer.

Brent crude futures were down 62 cents, or 0.7 percent, to $92.24 a barrel by 01:10 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 65 cents, or 0.8 percent, to $84.94 a barrel.

Brent fell 1.1 percent and WTI 1.5 percent on Wednesday after Russian…



Source link