Oil price falls

By Reuters, Houston
2 August 2023, 18:00 PM
UPDATED 3 August 2023, 00:58 AM
Oil prices edged lower on a stronger dollar and signs of profit-taking after a rally in July when investors bet on tighter global supplies and demand growth in the second half of 2023.

Oil prices edged lower on a stronger dollar and signs of profit-taking after a rally in July when investors bet on tighter global supplies and demand growth in the second half of 2023.

Brent crude futures for October settled at $84.91 a barrel on Tuesday, down 52 cents or 0.6 percent. Front-month Brent settled on Monday at its highest since April 13.