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.
Front-month Brent crude oil futures LCOc1 were at $72.63 per barrel at 0509 GMT, down by 18 cents, or 0.25 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $67.63 a barrel, unchanged from their last settlement.
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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.
Front-month Brent crude oil futures LCOc1 were at $72.63 per barrel at 0509 GMT, down by 18 cents, or 0.25 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $67.63 a barrel, unchanged from their last settlement.
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*Get Highly Accurate Calls With Highly Qualified Research Team
*Our Research and Analysis based Tips are intraday validity
only which Get Target in a Short Time Period.
*We have very Expensive Team of CFA professionals Who Provides You Best Call in Mcx Market After
The Accurate Research in All International Markets and DATA.
*Our Market Tips are covered by the Full Proof
Follow-Up in which you Enjoy Profit Instantly.
*We will provide you Best Online and Offline support 24/7 via WhatsApp,Facebook,
Yahoo messenger,Telephone,Telegram etc.
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