At the start of the week, oil prices fell for a second day. Economic headwinds are weighing on the outlook for global oil demand and outweighing geopolitical concerns in the Middle East and the attack on a Russian fuel export terminal over the weekend

After falling 54 cents on Friday, Brent lost 41 cents, or 0.5%, to $78.15 per barrel at 01:05 GMT. The March WTI contract, which was more active, was at $72.95 per barrel, down 30 cents. The West Texas Intermediate futures contract, for February delivery, fell 2 cents to $73.39 per barrel, with the contract set to expire later in the day on Monday. According to Tony Sycamore, an analyst at IG, “the mixed reopening this morning says a lot about the current feeling in the crude oil market despite ongoing geopolitical tensions in Europe and