Oil prices fell in early Asian trade on Monday for a second straight session, weighed down by a stronger dollar after concerns of higher-for-longer interest rates resurfaced and cooled investors' risk appetite. Brent crude futures slid 40 cents, or 0.5%, to $84.84 a barrel, after settling down 0.6% on Friday. US West Texas Intermediate crude futures were at $80.34 a barrel, down 39 cents, or 0.5%. However, both benchmark crude contracts gained about 3% last week on signs of stronger oil products demand in the US, world's largest consumer, and as OPEC+ cuts kept supply in check. Source: Qatar News Agency
Recent Post
Qatar Shines with Five Medals in Gulf Games Swimming
May 12, 2026
Gold Prices Remain Stable Amid Middle East Tensions
May 12, 2026
Gold Prices Remain Stable Amid Middle East Tensions
May 12, 2026