Oil prices fell by 0.58%-0.67%
On 1 September 2022, 09:01 (UTC+3), Brent Crude futures for November settlement were trading 0.58% lower at $95.06 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for October delivery fell by 0.67% to $88.96 a barrel.
According to Bloomberg, oil prices are declining on concern that tighter monetary policy and China’s economic slowdown will impact crude demand.