Crude oil slides amid demand worries

Note: This section contains information in English only.
Source: Forexpros
Crude oil futures declined for the second consecutive day on Tuesday after China reported fall in imports thus adding to the global demand worries. From the supply side, the commodity also lost its support as Iran entered negotiations with Western economies to resolve conflict regarding its nuclear programme. Light, sweet crude oil futures for May delivery traded at 102.16 US Dollars per barrel, on the New York Mercantile Exchange, losing 0.3%.

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