The market is being pressured by fears of weakening demand for energy resources given signals of increased production in countries outside OPEC+.
The price of February Brent futures on the London ICE Futures exchange was $73.09 per barrel, which is $0.15 (0.2%) lower than at the close of the previous session.
WTI oil futures for January in electronic trading on the New York Mercantile Exchange (NYMEX) fell by $0.14 (0.2%) to $68.47 per barrel.
The market reacted negatively to data on consumer price dynamics in the US for November, published on December 12. Inflation in the US slowed to 3.1% annualized last month from 3.2% the month earlier, while core inflation, which excludes food and energy costs, remained at 4%.
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