As of early morning on September 22, oil prices in the Asian market continued to edge lower, remaining below the 70 USD/barrel threshold.
Specifically, by 6:50 a.m. (Vietnam time), oil prices fell 0.02 USD (0.03%) to 69.69 USD/barrel.
The decline was mainly due to the U.S. dollar rebounding after hitting a one-year low against the euro last week, reducing investment demand for commodities, including oil.
In addition, as oil prices have already risen significantly since the beginning of the year, investors are now seeking stronger signals of economic recovery to support a new upward trend.
(Vietnamnet 22/9)
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