Oil prices dipped on Tuesday on expectations rising output from the United State...
SINGAPORE - Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight.
Brent crude futures were at $71.75 per barrel at 0131 GMT, down 29 cents, or 0.4 percent, from their last close. But prices came under downward pressure late last week after U.S. President Donald Trump openly pressured OPEC and its de-facto leader Saudi Arabia to raise output to meet the supply shortfall caused by the tightening Iran sanctions.
Despite this, the bank said it expected “a nearly balanced market in 2019” as output from OPEC and also the United States will rise.
Indonesia Berita Terbaru, Indonesia Berita utama
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