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Oil Prices Drop on Demand Worries, Saudi Supply Pledge


Tuesday, 25 June 2019 18:32 WIB

MinyakWTIBrent


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Oil prices inched lower on Tuesday, weighed down by concerns over declining crude demand and a Saudi pledge to offset any shortfall from countries hit by sanctions, as the market shrugged off risks to supply linked to tensions around Iran.

Benchmark Brent crude futures were down 42 cents at $64.44 a barrel by 10:18 GMT.

U.S. crude futures fell 32 cents to $57.58 a barrel.

Hopes for progress in the trade war between China and the United States during this week's G20 meeting were dampened by a senior U.S. official saying President Donald Trump was "comfortable with any outcome" from the talks.

Source : Reuters


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