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Oil Prices Fall Again As Dollar Strengthens
Tuesday, 7 January 2025 10:14 WIB | OIL |Oil,

Oil prices extended losses into a second straight session on Tuesday on a technical correction after last week's rally, while expectations of abundant supplies and a strong dollar also weighed.

Brent crude futures were down 28 cents, or 0.37%, at $76.02 a barrel by 0148 GMT, while U.S. West Texas Intermediate (WTI) crude was down 33 cents, or 0.45%, at $73.23.

Both benchmarks rose for five straight days last week and ended at their highest levels since October on Friday, partly on expectations of more fiscal stimulus to revitalize China's faltering economy.(AL)

Source: Investing.Com

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