Oil prices fell today, Monday, amid concerns about the global economy, especially about the US economy, and a slower-than-expected recovery of the Chinese economy.
And by 09:32 Moscow time, US West Texas Intermediate crude futures fell by 0.13%, to $69.95 a barrel.
While Brent crude futures fell by 0.22% to $74.01 a barrel, according to Bloomberg agency data.
Meanwhile, the dollar index, which measures the value of the US currency against a basket of major currencies, settled at 102.6260 points, down slightly by 0.05%.
Oil prices ended last week’s trading on a decline, recording the longest streak of weekly losses in months.
US crude contracts closed trading last Friday at $70.04 a barrel, a decrease of 1.8%, while Brent crude contracts recorded a decline of 1.1%, to $74.17 a barrel.
This article was originally published by RT.