U.S. crude prices on Tuesday fellow below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the…
U.S. crude prices on Tuesday fellow below $78 a barrel to hit the lowest point since July as weak global economic data overshadowed concerns that the Israel-Hamas war could erupt into a broader regional conflict.
West Texas Intermediate was down $3.02, or 3.74%, at $77.80 a barrel, while Brent fell $3.08, or 3.62%, to $82.10, both their lowest prices since July. The drop comes after China reported a worse-than-expected drop in its exports, suggesting softening global demand. Beijing reported a 6.4% drop in exports in U.S. dollar terms for October compared to the same period a year ago, worse than the 3.3% drop predicted by Reuters.10-year Treasury yield falls as investors consider state of U.S. economy
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