Oil prices in Asia eased on Tuesday. This is due to speculation that oil cartel OPEC could veer round to supporting leading producer Saudi Arabia"s plan to hike oil output.
By 0715 GMT, the marker New York Mercantile Exchange (NYMEX) August crudes futures were last traded down 24 cents at $29.45 a barrel.
Oil prices in Asia eased on Tuesday. This is due to speculation that oil cartel OPEC could veer round to supporting leading producer Saudi Arabia”s plan to hike oil output.
By 0715 GMT, the marker New York Mercantile Exchange (NYMEX) August crudes futures were last traded down 24 cents at $29.45 a barrel.
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