Oil prices continued to fall on Tuesday, August 2, after the previous day’s plunge, following the publication of disappointing manufacturing data around the world raising fears for crude demand , the day before an OPEC + meeting. with an uncertain outcome.
Around 9:10 a.m. GMT (11:10 a.m. in Paris), a barrel of Brent from the North Sea for delivery in October lost 0.76% to 99.28 dollars. A barrel of US West Texas Intermediate (WTI) for September delivery fell 0.59% to 93.34 dollars. Prices are falling due to “weak July manufacturing PMI indices around the world”, comments Stephen Innes, analyst at SPI.