Oil prices dropped as concerns over a possible recession affecting fuel demand eclipsed supply disruption fears.

Oil prices slipped on Tuesday

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reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears

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U.S. West Texas Intermediate (WTI) crude fell 15 cents, or 0.1%, to $108.28 a barrel, from Friday's close.

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In South Korea, inflation in June hit a near 24-year high, adding to concerns of slowing economic growth and oil demand.

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In South Korea, inflation in June hit a near 24-year high, adding to concerns of slowing economic growth and oil demand.

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Earlier in the session, WTI rose more than $3 and Brent more than $1.

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The official selling price (OSP) for August-loading Arab Light

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to Asia was raised by $2.80 a barrel from July to $9.30 a barrel over Oman/Dubai quotes,

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People familiar with the matter said, close to the record high premium of $9.35 per barrel hit in May.

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Thank you for watching

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Oil prices dropped as concerns over a possible recession affecting fuel demand eclipsed supply disruption fears.

Oil prices slipped on Tuesday

reversing earlier gains, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears

U.S. West Texas Intermediate (WTI) crude fell 15 cents, or 0.1%, to $108.28 a barrel, from Friday's close.

In South Korea, inflation in June hit a near 24-year high, adding to concerns of slowing economic growth and oil demand.

In South Korea, inflation in June hit a near 24-year high, adding to concerns of slowing economic growth and oil demand.

Earlier in the session, WTI rose more than $3 and Brent more than $1.

The official selling price (OSP) for August-loading Arab Light

to Asia was raised by $2.80 a barrel from July to $9.30 a barrel over Oman/Dubai quotes,

People familiar with the matter said, close to the record high premium of $9.35 per barrel hit in May.

Thank you for watching

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