Monday 27 August 2018

Oil dips as trade row weighs, Iran sanctions expected to cut supply | Reuters

Oil dips as trade row weighs, Iran sanctions expected to cut supply | Reuters:

Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said.

International Brent crude oil futures LCOc1 were at $75.63 per barrel at 0654 GMT, down 19 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 30 cents at $68.42 a barrel.

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