Crude-oil futures saw muted action in Tuesday, as political jitters centered on military conflicts in the Middle East, which helped to bolster prices last week, receded somewhat.
May West Texas Intermediate crude edged down by 5 cents, or less than 0.1%, to $66.17 a barrel on the New York Mercantile Exchange. June Brent the global crude benchmark, ticked up by 15 cents, or 0.2%, to $71.57 a barrel on ICE Futures Europe.
Tuesday’s trade comes after the contracts climbed last week on the back of concerns of potential supply-disruptive military action in Syria and retaliation from Russia and Iran, allies to the country. However, so far, such a response hasn’t materialized despite U.S.-led airstrikes in Syria over the weekend.
Source : Marketwatch