Oil price falls after Saudi price cuts

Brent crude futures fell 39 cents to settle at US$72.22 a barrel. U.S. West Texas Intermediate crude were last down 40 cents at $68.89 a barrel.

NEW YORK: Oil prices fell on Monday after Saudi Arabia's sharp cuts to crude contract prices for Asia revived concerns over the demand outlook.

Brent crude futures fell 39 cents to settle at US$72.22 a barrel. U.S. West Texas Intermediate crude were last down 40 cents at $68.89 a barrel.

Get 30% off with our ads free Premium Plan!

~~RM13.90/month~~
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

~~RM12.33/month~~
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Topic:

Energy

Report it to us.

What is the issue about?

Spelling and grammatical error

Factually incorrect

Story is irrelevant

Email (optional)