Supply contracts were down 32 cents at $84.18 a barrel. Photo: File
Singapore: Crude oil prices continue to fall in the global market.
The main reason for the continuous decline in crude oil prices in the global market is the possibility of increasing interest rates by the American and European Central Banks and the non-recovery of crude oil demand by China.
On the Singapore Mercantile Exchange, March Brent crude futures under the New York main contract settled down 5 cents at $84.85 a barrel, while April futures settled down 32 cents at $84.18 a barrel.
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