Oil slips as market weighs Venezuela, Russia supply risks

Oil prices eased in early trade on Tuesday after rising more than 2% ‍in the previous session as the U.S. said it might sell Venezuelan crude it has seized, while ⁠Ukraine’s attacks on Russian vessels and piers heightened supply disruption fears.

Brent crude futures fell 11 cents, or 0.18%, to $61.96 per barrel by 0100 GMT. U.S. West Texas Intermediate (WTI) crude lost 13 cents, or 0.22%, ‌to $57.88.

Read more

You may also like

Comments are closed.

More in Newspapers