Oil Prices Drop, Brent Hits $ 52.43 A barrel

Dubai – ( Massader News )

Oil prices fell during Monday’s trading, and the price of Brent crude futures to 52.43 dollars a barrel, after recording gains in the previous sessions by about 3%, according to Sky News.

The price of US crude futures for the West Texas Intermediate crude fell to $ 48.39 a barrel.

US hedge funds and investors cut their expectations for higher prices after traders cut bets on US crude and the number of US oil platforms fell for a second week on a row , Sky News reported.

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