Oil prices continue to decline

Oil prices declined yesterday, as investors show skepticism around the latest OPEC decision on supply cuts and the uncertainty surrounding global fuel demand. The losses were somewhat restrained by the risk of disruptions in supply due to the Middle East



conflict.

In intra-day trade, Brent crude was trading at 78 dollars and 57 cents per barrel, while U.S. West Texas Intermediate crude was trading at 73 dollars and 84 cents per barrel when reports last came in.