Oil prices fell by 2%… and the value of Brent futures contracts decreased

Retracted Oil prices today are about 2%, amid high supply, and weak Energy demand globally.

The value of Brent crude futures dropped $1.06, or 1.7%, to $60.23 per barrel, while US West Texas Intermediate crude futures lost $1.03, or 1.8%, to $56.51.

Both crude oils fell more than 2% last week, recording the third weekly decline in a row.

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