Posted On : 03 Jun, 2019
During the rise in demand, raw markets raised their biggest monthly losses and barred trade wars due to global business downturn fears.
Singapore: Oil prices fell more than 1% on Monday, more than 3% losses on Friday when the raw market raised its biggest monthly loss in six months between declines in demand and trade wars global economic Removed fears of a recession.
The price was down by more than 3% on Friday, which has done the worst performance for the crude oil futures month since last November.
Front-month Brent Crude Futures was at $ 61.16 on 0109 GMT. It was 83 cents or 1.3% below Friday's closure.
US West Texas Intermediate (WTI) crude futures was $ 52.88 per barrel, which was 62 cents down, or 1.2% was its final settlement.