Oil Prices Dip Slightly as Supply Fears Ease

Oil prices dipped slightly today, Tuesday, as prospects of reaching a settlement in the US-Israeli war against Iran limited fears of supply disruptions. However, Brent crude remained close to its six-month high after attacks on Saudi Arabia dampened hopes for rapid stability in the region.

Brent crude futures fell 66 cents, or 0.57 percent, to $115.15 per barrel by 0000 GMT, while US West Texas Intermediate crude declined 44 cents, or 0.43 percent, to $101.32 per barrel.