Home / Market Update / Commodities / Oil Down Amid Demand Concerns

Oil Down Amid Demand Concerns

Oil prices fell on Monday, due to concerns and negative expectations for the global demand outlook.

The global benchmark Brent crude futures settled lower by 22 cents, or 0.6%, at $39.61 per barrel.

Meanwhile, the US West Texas Intermediate (WTI) crude futures closed lower by 7 cents, or 0.2%, at $37.26 a barrel.

Check Also

ExxonMobil

Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank

Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by …