Oil Updates – prices slip as Russia lifts supplies, jet fuel demand stirs caution

Oil Updates – prices slip as Russia lifts supplies, jet fuel demand stirs caution

SINGAPORE: Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed’s decision on US interest rates, according to Reuters.

The Brent crude oil futures contract for May delivery slipped 15 cents to $86.74 a barrel as at 7:33 a.m. Saudi time, while US West Texas Intermediate prices fell 14 cents to $82.02. The WTI April contract, with expires tomorrow, fell 15 cents to $82.57. Oil Updates – prices slip as Russia lifts supplies, jet fuel demand stirs caution