Doha: Oil Prices Fall 1 Percent at Settlement: Oil prices slipped by 1 percent at the close of trading on Tuesday. Brent crude futures fell 55 cents, or 0.88 percent, to settle at $61.94 a barrel. US West Texas Intermediate (WTI) crude declined 63 cents, or 1.07 percent, finishing at $58.25 a barrel. According to Qatar News Agency, the decline in oil prices came amid ongoing concerns about global demand and the impact of geopolitical tensions on the market. Traders and analysts have been closely monitoring these factors, which continue to influence fluctuations in oil prices. Brent crude and WTI are key benchmarks in the oil market, and their price movements are closely watched by industry stakeholders and investors. The drop in prices reflects market sentiment and reactions to current events affecting supply and demand dynamics. The recent price movement is part of a broader trend of volatility in the oil markets, influenced by various factors, including economic indicators and geopolitical developments. These elements have contributed to uncertainty in the market, prompting adjustments in trading strategies and forecasts.