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Indonesia News Portal for Traders | Financial & Business Updates

19 November 2024 09:40  |

Oil prices fall, but wary of Russia-Ukraine war

Oil prices fell on Tuesday after rising the previous day, boosted by an outage at Norway’s Johan Sverdrup oilfield, but investors remained cautious amid concerns about a potential escalation in the Russia-Ukraine war.

Brent crude futures for January delivery fell 7 cents, or 0.1%, to $73.37 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude for December delivery was at $69.23 a barrel, down 7 cents, or 0.1%. The more active WTI January contract fell 4 cents, or 0.1%, to $69.21.

Source: Reuters

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