Crude oil futures are decreasing

September 14, 2022

On 14 September 2022, 08:50 (UTC+3), Brent Crude futures for November settlement were trading 0.55% lower at $93.66 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for October delivery fell by 0.54% to $86.84 a barrel.

Crude oil futures are slightly down today after a growth at the previous session. The market is under a pressure of demand concerns amid toughening of quarantine restrictions in China.

Crude oil market is affected by U.S. August inflation data causing dollar rise and making oil purchase unprofitable for traders using other currencies, according to Interfax.

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