Oil prices decline by 0.2 percent

Oil prices recorded a slight decline today, after rising more than 4 percent in the previous session, amid concern about the possibility of supply disruption.

By 00:17 GMT, Brent crude fell 18 cents, or 0.2 percent, to $87.97 per barrel, while US West Texas Intermediate crude fell 16 cents, or 0.2 percent, to $86.22 per barrel.

The two benchmarks gained more than $3.50 yesterday, Monday, after falling sharply in volatile trading last week.

QNA

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