Melbourne — Oil prices dipped in early trade on Tuesday, with demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East.
US West Texas Intermediate (WTI) crude futures fell 16c, or 0.3%, to $46.83 a barrel at 1.58am GMT, while Brent crude futures fell 20c, or 0.4%, to $50.09 a barrel, erasing half of Monday’s gains...
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