Brent oil prices dips on rising supply, global market woes
Brent oil prices dips on rising supply, global market woes
Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports.
Front-month Brent crude oil futures LCOc1 were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were firmer, however, at $67.16 a barrel, up 12...