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Oil prices recorded $71 for Brent and $68.79 for US crude

Today, oil prices recorded $71 per barrel for the global benchmark Brent crude futures contract, and US West Texas Intermediate crude futures recorded $68.79 per barrel.


International media reports said that oil prices on Tuesday continued their losses as a result of Chinese data revealing a decline in China's imports of crude oil during last May, which highlighted concern about the fragility of the recovery in global demand for crude oil and fuel.


Crude oil prices recorded the second consecutive weekly gains at the end of trading sessions in the futures markets last Friday, as Brent crude contracts rose by 3.3%, compared to the end of the previous week, and US West Texas crude contracts rose by 5%, which is the largest since mid-April. the past.