Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep th...
TOKYO - Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a surprise increase in U.S. crude inventories.
U.S. West Texas Intermediate crude futures for July delivery were down 54 cents, or 0.9%, at $62.59. The June contract, the previous front-month contract which expired on Tuesday, settled at $62.99 a barrel, down 11 cents. U.S. President Donald Trump on Monday threatened Iran with “great force” if it attacked U.S. interests in the Middle East.
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