Baghdad Oil prices declined for the second day in early Asian trading by more than 1%, today, Thursday, with the decline in concerns about geopolitical tensions and the increase in the number of cases of Coronavirus infection in China.
Brent crude futures fell 96 cents, by 1.03%, to $91.90 a barrel by 04:17 GMT. US West Texas Intermediate crude futures were down 1.12 cents, 1.31%, at $84.47 a barrel.
Brent fell 1.1 % and West Texas Intermediate 1.5 % on Wednesday after the resumption of Russian oil shipments through the Druzhba pipeline to Hungary.
The Energy Information Administration said yesterday, Wednesday, that crude stocks in the United States, the largest consumer of oil in the world, fell by 5.4 million barrels in the week ending November 11, to 435.4 million barrels.
Source: National Iraqi News Agency