August 14, 2024 6:54 PM

Global energy organizations lower growth expectations as oil prices fall

Oil prices declined on Tuesday, with global energy organizations lowering growth expectations while warning possibility of overcapacity. The international crude oil market ended five consecutive trading days of gains and saw prices fall on Tuesday. The West Texas Intermediate for September delivery dropped 1.71 U.S. dollars, or 2.14 percent, to settle at 78.35 dollars a barrel on the New York Mercantile Exchange. Brent crude for October delivery lost 1.61 dollars, or 1.96 percent, to settle at...