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The risk of oil supply disruption has receded.
Economic 11/12/2024
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Oil prices continued to fall on Monday as the threat of supply disruption from a US storm receded and China's stimulus plan disappointed investors seeking fuel demand growth in the world's second-largest oil consumer.
Brent crude futures were down 31 cents, or 0.4 percent, at $73.56 a barrel by 0340 GMT, while U.S. West Texas Intermediate (WTI) crude futures were at $70 a barrel, down 38 cents, or 0.5 percent. Both benchmarks fell more than 2 percent on Friday.
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