Brent oil prices fell 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 were at $77 a barrel at 0246 GMT, down 34 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $67.08 a barrel, little changed from their last settlement. Oil has been caught up by broad financial market slumps this month, with stocks falling again on Monday after reports the U.S. is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world’s two largest economies. Oil was also being weighed down by signs of rising supply from top producers. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961Brent oil prices fell 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 were at $77 a barrel at 0246 GMT, down 34 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $67.08 a barrel, little changed from their last settlement. Oil has been caught up by broad financial market slumps this month, with stocks falling again on Monday after reports the U.S. is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between the world’s two largest economies. Oil was also being weighed down by signs of rising supply from top producers. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961
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