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Commodities

Oil prices fall as supply risk premium fades, demand outlook drags

Updated : September 27, 2019 08:37 AM IST

Brent crude futures fell 32 cents, or 0.5 percent, from the previous session’s close to $62.42 a barrel by 0131 GMT.
US West Texas Intermediate (WTI) crude futures CLc1 fell 8 cents, or 0.1 percent, to $56.33 a barrel.
WTI futures were down 3 percent so far for the week, marking the largest weekly loss in 10 weeks, while Brent was down 2.9 percent on the week, its largest weekly loss in seven.

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