Oil price dips in Asia as Isaac approaches US refinery hub


SINGAPORE: Oil fell in Asia Tuesday as crude demand suffered from refinery shutdowns in the US Gulf Coast due to the onset of Tropical Storm Isaac while talk of a release of oil reserves surfaced, analysts said.

New York's main contract, light sweet crude for delivery in October fell 14 cents to $95.33 a barrel and Brent North Sea crude for October delivery shed 46 cents to $111.80.

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