Three Day Gains Come To End For Oil – 24 October, 2019

After three straight days of gains, uncertainty over the global economy and demand weighed heavy on oil prices causing them to drop. U.S. West Texas Intermediate crude fell 35 cents to $55.88, down 0.6%. International benchmark Brent crude shed 36 cents to $61.31, down 0.6% after gaining 1% the previous session. A decline in U.S. inventories and new efforts by OPEC to support prices helped lift prices, but worries over the future of the global economy was the key driver of prices.