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Sanction waivers and economic concerns weigh on oil prices

Nov 06, 2018 - Marketline Newswire

US waivers allowing certain countries to keep buying Iranian crude and concerns over the negative impact of a potential economic slowdown on the demand for fuel have influenced global oil prices.

Brent crude oil futures LCOc1 declined 48 cents, or 0.7%, to stand at $72.69 per barrel, while US West Texas Intermediate (WTI) crude futures CLc1 dropped 24 cents, or 0.4%, to reach $62.86, Reuters reported.Analysts opined that the fuel demand outlook is being affected by expectations of a global...