SINGAPORE: Oil prices dipped in Asian trade on Tuesday as oversupply concerns outweighed uncertainty over the impact of U.S. sanctions on Russian oil majors Rosneft and Lukoil and optimism over progress toward reopening the U.S. government.
Brent crude futures fell 12 cents, or 0.2%, to $63.94 a barrel by 0426 GMT. U.S. West Texas Intermediate crude was at $59.99 a barrel, down 14 cents or 0.2%.
