Brent gains after reaching one-month low on supply concerns | Reuters

Brent gains after reaching one-month low on supply concerns | Reuters:

"Brent crude reversed losses on Tuesday, after hitting its lowest price in nearly a month following a report that the U.S. government asked Saudi Arabia and other major exporters to increase oil output.

Brent crude LCOc1 futures rose 9 cents to settle at $75.38 a barrel, a 0.12 percent gain. It touched a low of $73.81, its lowest since May 8.

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 77 cents to settle at $65.52 a barrel, a 1.2 percent gain. Earlier, WTI hit a session low of $64.22, the lowest since April 10."



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