Singapore November 12 2024: Oil prices extended declines on Monday as the threat of a supply disruption from a U.S. storm eased and after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer.
Brent crude futures dropped 31 cents, or 0.4%, to $73.56 a barrel by 0340 GMT while U.S. West Texas Intermediate crude futures were at $70 a barrel, down 38 cents, or 0.5%.
Both benchmarks fell more than 2% last Friday.
