Oil prices fall amid prospects of lower demand in China

Global oil prices fell on June 10 morning, as investors assess the prospects for reduced demand for it from China, Report informs referring to the auction data.

The price of August futures for Brent crude fell by 0.58% to $122.36 per barrel, and July futures for WTI fell by 0.58% to $120.82.

Oil investors are concerned about the introduction of new coronavirus restrictions in China due to the detection of new cases of infection. Traders believe that the demand for oil will decrease.