SINGAPORE: OilNSE 0.22 % prices dipped early on Monday, weighed down by concerns that a global economic downturn may dent fuel consumption.
However, crude markets remain broadly supported by supply cuts led by producer group OPEC and by aggressive sanctions by the United States against Iran and Venezuela.
Brent crude oil futures were at $67.03 per barrel at 0053 GMT, down 13 cents, or 0.2 per cent, from their last close, but not far off the $68.14 per barrel 2019-high reached last week.
