Oil prices fall by more than a dollar amid concerns about demand

Oil prices closed down by more than a dollar per barrel at the close of trading on Thursday. Brent crude futures fell $1.05 at the close, or 1.42 %, to $72.70 per barrel. US West Texas Intermediate crude futures fell $1.14, or 1.62 %, to $69.20. Today's session witnessed volatile trading during which both benchmark crudes lost a dollar, then returned to rise by the same value after news that the OPEC+ alliance is discussing postponing the planned increase in oil production. Source: National Iraqi News Agency