In the early morning of the 29th Beijing time, US WTI crude oil futures prices fell for the first time in six trading days on Tuesday. On Monday, the futures closed at their highest close in nearly three years.
Fawad Razaqzada, a market analyst at ThinkMarkets, said that as technology stocks fell and the dollar soared against emerging market currencies and sterling, "oil prices are finally responding to continued risk aversion in equities and foreign exchange markets."
West Texas Intermediate (WTI) for November delivery fell 16 cents, or 0.2%, to $75.29 a barrel on the New York Mercantile Exchange. On Monday, the futures closed at $75.45, the highest close since October 2018.
