💨 Abstract

Oil prices declined slightly on Tuesday due to diminishing optimism about demand, although reduced supply from Russia and Iran due to sanctions limited losses. Brent futures dropped 0.33% to $76.05 a barrel and U.S. WTI crude fell 0.60% to $73.12. This weakness is attributed to a technical correction in response to global economic data that is less optimistic.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖