• Oil prices fell to a near five-month low on Tuesday on a stronger U.S. dollar and demand concerns, putting the market down for a fourth day in a row on doubts over OPEC+ announced voluntary supply cuts last week.
  • Brent crude oil futures fell 83 cents, or 1.1%, to settle at $77.20 a barrel, while U.S. West Texas Intermediate crude (WTI) ended 72 cents, or 1.0%, lower at $72.32.
  • That was the lowest close for both crude benchmarks since July 6. For WTI, it was the first time since May that prices fell for four days in a row