Oil slips after reaching multi-year highs on OPEC+ dispute – Reuters

Oil slips after reaching multi-year highs on OPEC+ dispute – Reuters

LONDON, July 6 (Reuters) - Oil prices slipped on Tuesday, driven by profit-taking in response to multi-year highs reached after OPEC+ producers clashed over plans to raise supply to meet rising global demand.

Brent crude was down $1.30 a barrel, or 1.7%, at $75.86 by 1354 GMT, having hit a session peak of $77.84 for its highest since October 2018.

U.S. West Texas Intermediate (WTI) crude futures traded down 47 cents, or 0.6%, at $74.69 after touching $76.98 for its highest since November 2014.