Crude oil prices dipped over one percent for the second straight day on Tuesday over demand concerns.
As of 1310 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $1.28 (-1.21 percent) to reach 104.66 a barrel. The West Texas Intermediate (WTI), the main oil benchmark for North America, decreased to $102.02 a barrel, down by $1.07 (-1.04 percent). Both contracts notched a gain of around five percent during the last week and over 35 percent so far this year.
The price for Opec basket was recorded at $112.48 a barrel with a loss of 1.65 percent.—TLTP
