New York, July 27, 2024 – Oil futures contracts fell, on Friday, by about 1.5%, ending the week on a decline due to weak demand from China.
The price of Brent crude fell by $1.24, equal to 1.5%, to settle at $81.13 per barrel. Additionally, the price of US West Texas Intermediate (WTI) crude fell by $1.12, that is, 1.4%, reaching $77.16 per barrel.
Over the week, Brent crude fell by more than 1%, while WTI by more than 3%.
