http://www.powercommodity.com
(Oil prices dip as demand outlook dims; Iran sanctions provide some support)
Oil prices dipped on Monday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although U.S. sanctions against Iran still pointed towards tighter supply.U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $67.63 a barrel, unchanged from their last settlement.
Signs of slowing economic growth and lower fuel demand increases, especially in Asia's large emerging markets are weighing on the oil markets.
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