Crude futures fall for a third straight session with demand concerns and easing geopolitical risk premium keeping sellers at the forefront. "The oil market's recent poor form is continuing this week as a ceasefire in Gaza grows more likely and China demand weakness shows little sign of recovery," Svetlana Tretyakova, a senior analyst at Rystad Energy says in a note. "If the market fundamentals don't break this bearish trend soon, OPEC+ may be hesitant to unwind their voluntary cuts anytime soon," she adds.
September WTI goes off the board at $74.04 a barrel, down 0.4%, while the most active October contract falls 0.7% to $73.17. Brent settles down 0.6% at $77.20 a barrel.
Source : Dow Jones Newswires
