The North Sea crude, a benchmark in Europe, closed the session on the Intercontinental Exchange trading at 69 cents below the $69.21 with which it ended transactions on Monday.
Brent continued its downward trend amidst concerns among investors as the August 1 deadline approaches for the imposition of increased tariffs by the US on imports from the European Union, in the absence of a trade agreement.
Moreover, fears persist regarding a potential oversupply amid weakening demand and the intention of some members of the Organization of the Petroleum Exporting Countries to increase production.
