Oil futures fell on Tuesday, reversing the previous day’s rally, as concerns over weaker demand amid a slowing global economy outweighed the prospect of deepening supply cuts by OPEC and its allies such as Russia.
Brent crude futures fell 36 cents, or 0.4%, to $81.96 a barrel by 0439 GMT while U.S. West Texas Intermediate crude was at $77.50 a barrel, down 33 cents, or 0.4%.
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