Oil prices dip as market awaits EIA report


Brent crude futures settled at US$66.12 a barrel, down 51 cents, or 0.77%. US West Texas Intermediate crude futures finished at US$63.17, down 79 cents, or 1.24%.

HOUSTON: Oil prices dipped on Tuesday as traders awaited an inventory report from the US Energy Information Administration and began looking toward declining demand at the end of the summer driving season in early September.

Brent crude futures settled at US$66.12 a barrel, down 51 cents, or 0.77%. US West Texas Intermediate crude futures finished at US$63.17, down 79 cents, or 1.24%.

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