Oil Falls 3% in Early Asian Trade

Oil prices slid 3% in early Asian trade on Tuesday after OPEC lowered its outlook for global oil demand growth in 2024 and 2025. Brent crude futures were down $2.27 at $75.19 per barrel, while US West Texas Intermediate futures fell $2.22 to $71.60 per barrel. Both benchmarks plunged 3% in early trade on Tuesday, following a 2% drop on Monday. Source: Qatar News Agency