Business News

Oil Marginally Down as Economic Worries Outweigh Mideast Supply Fears

oil earnings

By Adedapo Adesanya  The prices of the oil futures were marginally down on Tuesday after economic headwinds pressured investor sentiment, curbing gains from geopolitical tensions with eyes on Israel and its pending response to Iran’s attack over the weekend. Brent crude futures for June delivery went down by 8 cents or 0.1 per cent to trade at $90.02 per barrel, and the US crude for May delivery fell by 5 cents or 0.1 per cent to end at $85.36 per barrel. Speaking at an event held at The Wilson Center in Washington, US on Tuesday, the US Federal Reserve, Mr