An oil and gas industry worker walks during operations of a drilling rig at Zhetybay field in the Mangystau region, Kazakhstan, November 13, 2023.
Crude oil futures fell for a second consecutive day Tuesday as China's pledge to boost economic growth and OPEC+ production cuts failed to lift prices.
The West Texas Intermediate contract for April dropped 72 cents, or 0.91%, to $78.02 a barrel.
May Brent futures shed 57 cents, or 0.69%, to $82.83 a barrel.
The Beijing government on Tuesday set an economic growth target of about 5% for 2024 and announced the issuance of $138.9 billion in "ultra-long" special Treasury bonds to fund major projects.
Persons:
Brent
Organizations:
West Texas Intermediate
Locations:
Mangystau, Kazakhstan, Beijing