Oil prices slipped on Tuesday after surging more than $5 a barrel in the previous session on concerns about tight supply. Benchmark Brent crude futures declined 0.6 percent to $105.60 a barrel, while WTI crude futures were down half a percent at $98.89.
New COVID-19 cases in China jumped to almost 700 and data showed the euro zone's inflation accelerated as estimated in June to set a fresh record high, raising worries about a possible recession.
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Market Analysis
September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.