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Oil prices settle down 2.5pc
HOUSTON: Oil prices settled 2.5 percent lower on Tuesday as investors focused on signs of recovering crude exports from the Middle East, although prices headed for monthly gains on lingering concern about supply disruptions during the US-Israeli war on Iran. Brent crude futures closed down USD2.69, or 2.6 percent, at USD102.59 a barrel. US West Texas Intermediate crude settled down USD3.22 or 3.5 percent at USD89.38. Brent was headed for a monthly gain of around 13 percent and WTI about 4 percent. READ MORE: Oil falls as investors focus on Middle East supply Crude futures were “under pressure ...
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