Oil Erases Early Gains On Stronger Dollar And Demand Concerns ...Middle East

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Oil Erases Early Gains On Stronger Dollar And Demand Concerns
source : OILPRICE ( Middle East ) () 29
Oil prices erased earlier gains and fell on Tuesday morning as a rising U.S. dollar and concerns about demand weighed on market sentiment. As of 8:40 a.m. EDT on Tuesday, the prompt price of the U.S. benchmark, WTI Crude, was down 1.78% at $67.97. Brent Crude, the international benchmark, was losing 0.98% and traded at $71.42. Earlier on Tuesday, Brent prices had risen after China reported stronger crude oil imports last month. The world’s largest crude oil importer saw its imports in August rise by 8 percent month over month. Chinese refiners…

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