Oil prices fell on Tuesday.
By midday, they extended losses from early trading.
A barrel (159 liters) of North Sea Brent recently cost $93.93.
That was $2.26 less than the day before.
The price of a barrel of the US grade WTI fell by $ 2.32 to $ 88.82.
The price of copper, sometimes called “Dr.
Copper” called, yielded noticeably.
According to market observers, concerns about the economy have come to the fore, which is weighing on oil prices.
Among other things, the International Monetary Fund is expected to lower its forecast for global economic growth later in the day.
A slowdown in the global economy would result in lower demand for crude oil.
Previously, the OPEC plus oil association had ensured that the oil price had risen to almost $100 since last Wednesday.
The oil states had announced that they wanted to reduce oil production slightly in October and significantly in November.
Accordingly, there was also a jump in the price of fuel.
This development continued on Monday.
According to figures from the Clever Tanken internet portal, the average daily price for diesel continued to rise to EUR 2.141 per liter and for Super E10 to EUR 1.948 per liter.
The price of heating oil in Germany, on the other hand, fell significantly on Tuesday to 162 euros for 100 liters, as reported by the internet portal Heizoel24.