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Commodities

Global Crude Prices Slide Amid Weak Demand and Global Trends

Guavy AI Editorial Team
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Oil
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Crude oil prices have taken a hit globally, with Brent crude slipping to $93.08 per barrel in New York's trading sessions on Monday.

This decline comes amidst weak global trends and is accompanied by a drop in West Texas Intermediate (WTI) crude, which has fallen 1.79% to trade at $85.50 per barrel.

According to analysts, the prices have fallen due to participants offloading their holdings amid weak demand in the spot market.

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