Tuesday 28 August 2018

Oil dips on profit-taking, trade deal limits decline | Reuters

Oil dips on profit-taking, trade deal limits decline | Reuters:

Oil prices fell on Tuesday as some investors took profits on recent strong gains, but losses were limited the day after a U.S.-Mexico trade agreement eased worries about tensions between the two countries.

Brent crude LCOc1 futures fell 26 cents to settle at $75.95 a barrel. The global benchmark touched $76.97 early in the session, the highest since July 11.

U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 34 cents to settle at $68.53 a barrel.

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