Oil prices ease after previous session’s 4% surge

Brent crude and WTI both slipped in early Asian trade, pulling back from sharp gains recorded in the prior session.

Staff Writer
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Article summary

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Oil prices fell in early Asian trading after gaining close to four per cent in the previous session. Brent dropped to $102.13 a barrel while WTI eased to $91.56.

Key points

  • Brent crude fell 0.9% to $102.13 per barrel
  • WTI dropped 0.7% to $91.56 per barrel
  • Both benchmarks retreated after a near-4% session gain

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Oil prices retreated in early Asian trading after rising close to four per cent in the previous session.

Brent crude futures fell 94 cents, or 0.9 per cent, to $102.13 a barrel. West Texas Intermediate futures dropped 59 cents, or 0.7 per cent, to $91.56 a barrel.