Oil falls as investors fret about demand
But prices get support from new US sanctions on Iran
25 June 2019 - 07:52
Tokyo — Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.
Benchmark Brent crude futures were down 57c, or 0.9%, at $64.29 a barrel by 2.36pm in Tokyo. They dropped 0.5% on Monday. US crude futures were down 58c, or 1%, at $57.32 a barrel. The US benchmark rose 0.8% in the previous session...
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