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Oil prices continue to decline for the second consecutive day
09:28 - 19/11/2019
Information / follow-up ..
Oil prices continued their decline for the second day in a row as investors awaited the developments of trade negotiations between Washington and Beijing.
Despite constructive discussions between the two sides in a telephone conversation over the weekend, CNBC said China was pessimistic about a deal because US President Trump was reluctant to abolish trade duties.
Brent crude futures fell marginally by 0.3% or 20 cents to $ 62.24 a barrel, at 08:47 am Mecca time, after yesterday fell 1.4% at $ 62.44.
U.S. crude futures were down 0.5%, or 27 cents, at $ 56.78 a barrel, after Monday fell 1.2%, the largest pace since Nov. 6.
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