New York October 24 2023: Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from Germany, the euro zone and Britain that weighed on the outlook for energy demand.
Brent crude futures were down $2.07, or 2.3%, at $87.76 a barrel at 11:51 a.m. EDT (1551 GMT) . U.S. West Texas Intermediate crude futures were down $2.13, or 2.49%, at $83.36 a barrel.
Euro zone business activity data took a surprise downward turn this month, suggesting the bloc may slip into recession.
Spot gold lost 0.5% to $1,963.09 per ounce by 11:33 a.m. ET (1533 GMT). U.S. gold futures fell 0.7% to $1,974.30.
The dollar index (.DXY) rose 0.7% against its rivals, making gold more expensive for other currency holders. The benchmark 10-year U.S. Treasury yield also rose.