Oil extends declines after Iraq, Kurdish governments agree to restart oil pipeline
Oil prices declined for a fifth consecutive session on Tuesday, as a preliminary agreement reached between Iraq and Kurdish regional governments to restart an oil pipeline added to oversupply concerns.
Brent crude futures fell 34 cents, or 0.51%, to $66.23 a barrel by 0639 GMT, while U.S. West Texas Intermediate crude was down 29 cents, or 0.47%, at $61.99 a barrel.
