TOKYO: Crude dropped on Tuesday as investors cashed in on a recent rally, but market sentiment remained solid on hopes for a quick recovery in oil NSE -0.87 % demand in the US and European markets and fading expectations for an early return of Iranian crude.
Brent crude futures for August eased 10 cents, or 0.1%, to $74.80 a barrel by 0110 GMT, while US West Texas Intermediate (WTI) crude for July was at $73.44 a barrel, down 22 cents, or 0.3%. WTI for August fell 15 cents, or 0.2%, to 72.97 a barrel.
