Oil Prices Dip Slightly Amid Geopolitical Tensions and Supply Factors

Oil prices eased slightly yesterday as trader weighed simmering geopolitical tensions in several regions against supply outages in the U.S. and returning production in Libya.

 

In intra-day trade, Brent crude was trading 0.89 percent



lower at 79 dollars and 35 cents per barrel, while U.S. West Texas Intermediate crude was also trading down 0.92 percent at 74 dollars and seven cent per barrel when reports last came in.