Oil prices fell by 1.76%-1.99%
As of 12 July 2022, 08:58 (UTC+3), Brent Crude futures for September settlement were trading 1.76% lower at $105.22 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for August delivery fell by 1.99% to $102.02 a barrel.
Oil prices are decreasing amid concerns over reduction of demand in China where coronavirus cases are registered.