Baghdad, Oil prices declined in volatile trading, today, Tuesday, as concerns about declining demand after a global selling wave yesterday, Monday, overcame fears of an escalation of the conflict in the Middle East and a decline in Libyan oil production.

Brent crude futures fell 41 cents, or 0.5 percent, to $75.89 a barrel, while US West Texas Intermediate crude futures lost 43 cents, or 0.59 percent, to $72.51.

The futures of the two benchmark crudes rose by more than $1 a barrel earlier in the session.

Source: National Iraqi News Agency