Singapore, October 11 (QNA) – Oil prices slid on Tuesday, extending losses of nearly 2% in the previous session, as a stronger U.S. dollar and a flare-up in COVID-19 cases in China raised concerns of slowing global demand.
Brent crude futures fell 27 cents, or 0.3%, to $95.92 a barrel , after falling $1.73 in the previous session.
U.S. West Texas Intermediate crude was at $90.73 a barrel, down 40 cents, or 0.4%, after losing $1.51 in the previous session.
Meanwhile the dollar rises Tuesday, as investors await US inflation data.
A strong dollar reduces demand for oil because it makes it more expensive for buyers who use other currencies. (QNA)
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