TELETRADER News
7/11, 9:34 AM (Source: TeleTrader)
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Oil prices go down by more than 1%

The prices of oil futures declined on Monday, with both West Texas Intermediate and Brent ng down by more than 1%. The market reacted to the rise in new cases of COVID-19 around the world, particularly in China, which could pose a risk to the demand for the commodity.

Meanwhile, Nord Stream AG halted the deliveries of natural gas through its pipeline from Russia to the rest of Europe due to, as the company stated, maintenance work.

West Texas Intermediate (WTI) for settlements in August decreased by 1.44% at 3:16 am ET to go for $103.33 per barrel. A minute later, Brent for September's deliveries dropped by 1.15% to go for $105.82.

Baha Breaking News (BBN) / JR