Oil prices in red, Brent crude trades at 80 dollars and 93 cents per barrel

Extending losses from the previous session, oil prices were in the red yesterday. Concerns of reduced demand from China and enhanced supply from US kept the prices lower.

 

In



intra-day trade, Brent crude was trading at 80 dollars and 93 cents per barrel, while U.S. West Texas Intermediate crude was trading at 76 dollars and 41 barrels.