Oil dips but U.S., Europe demand growth optimism keep prices supported | Reuters
Oil prices dipped on Tuesday, reversing gains earlier in the session after more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar.
Brent crude futures fell 7 cents, or 0.1%, to $67.49 a barrel at 0619 GMT, after climbing 1.2% on Monday.
U.S. West Texas Intermediate (WTI) crude futures also ticked 6 cents, or 0.1%, lower to $64.43 a barrel, after gaining 1.4% on Monday.
"Despite shorter-term profit-taking pushing oil slightly lower in Asia, both Brent and WTI have now moved to near the top end of their one-month ranges once again," said Jeffrey Halley, market analyst at OANDA.
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