Brent crude recorded Monday a decline of one percent, after rising Friday by about 2.3%. Oil prices fell today, affected by the possibility of a new wave of the Corona virus pandemic in China, a concern that overshadowed the continuing concerns about lack of supply. Brent crude futures fell $1.02, 1%, to $106.00, after rising 2.3% on Friday. US West Texas Intermediate crude futures fell $1.38, 1.3%, to $103.41, trimming a 2% gain from Friday.

Source: Libya Today July 11, 2022 10:57 UTC