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Oil market fell for the second session on bleak demand outlook

Oil market fell for the second session on bleak demand outlook



International benchmarks for crude oil fell for the second session in a row on Tuesday, 3 August 2021as the Delta variant spread in China, threaten to hurt the global demand recovery progress.

Brent for October settlement lost 39 cents to $72.50/barrel.

WTI slipped 64 cents to $70.62/barrel.