5/24, 9:33 AM (Source: TeleTrader)
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Oil prices down amid EU's embargo disagreements

The prices of oil futures declined on Tuesday as the European Union once again failed to agree on a bloc-wide embargo on the imports of that commodity from Russia.

Hungary reiterated its demands that Brussels must provide it with alternative solutions before it agrees to ban Russia's oil products.

West Texas Intermediate (WTI) for settlements in July declined by 1.20% at 3:15 am ET to sell for $109.04 per barrel. At the same time, Brent went fell by 1.18% to go for $112.08 per barrel.

Baha Breaking News (BBN) / JR