Melbourne — Oil prices fell on Tuesday as the prospect of the main US east coast fuel pipeline remaining shut for the rest of this week led some US Gulf Coast refiners to cut output, denting their appetite for crude.

US West Texas Intermediate (WTI) crude futures fell 40c, or 0.6%, to $64.52 a barrel at 2.47am GMT, after gaining 2c on Monday. Brent crude futures dropped 45c, or 0.7%, to $67.87 a barrel, after climbing 4c on Monday...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.