Oil prices ease as supply risk concerns fade
Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade.
Brent crude (LCOc1) was trading down 30 cents, or 0.5%, at $64.90 per barrel by 0318 GMT, after rising to their highest in more than a week on Monday. U.S. West Texas Intermediate crude futures (CLc1) were down 14 cents, or 0.2%, at $58.40 a barrel.
India’s No.1 mcx Tips Provider
Missed Call 9719098555/ 8171353225