Global oil prices have declined. Brent crude futures fell 2.07% to $109.78 per barrel.
According to Interfax, on the London ICE exchange, Brent for July delivery dropped $2.32. In the previous session, prices had risen by $2.84.
On the New York Mercantile Exchange (NYMEX), WTI crude for June delivery fell 1.54% to $106.99 per barrel. Last session, WTI had gained $3.24.
Analysts attribute the decline to weakening global demand.
