Oil Prices - World crude oil prices fell nearly 2% in trading on Tuesday (15/10) Indonesia time.

The decline was triggered by concerns demand for crude oil remains under pressure, in line with the doubts of trade agreements the United States (U.S.) with China.

As reported by Reuters, the price of crude oil futures Brent closed at US$ 59.35 a barrel, slumped US$ 1.16, or 1.92 percent.

While the price of crude oil West Texas Intermediate settled at US$ 53,59 per barrel, down US$ 1.11, or 2.03 percent.

The U.S. and China on Friday (11/10) had completed a trade agreement the first stage as well as suspend the increase in rates this week.

This immediately made the Brent and WTI rose more than 3% last week, and signifies the first weekly gain since 20 September 2019.

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