3/14, 8:53 AM (Source: TeleTrader)
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Crude prices fall 1% on demand woes

Oil prices for future contracts declined on Tuesday, extending the downward movement that marked the start of the week on the back of increased demand concerns.

Economic uncertainty seemingly dragged the demand for crude lower following the crash of Silicon Valley Bank and New York-based Signature Bank, with investors on the lookout for the inflation data in the United States, slated for release later today.

Brent for May delivery dipped 0.98% to sell at $79.95 per barrel at 3:42 am ET. West Texas Intermediate (WTI) for settlements in April fell 1.08% to $73.98 per barrel.

Baha Breaking News (BBN) / AB