Oil prices dipped on Tuesday on demand concerns following the latest signs the U...
TOKYO - Oil prices dipped on Tuesday on demand concerns following the latest signs the U.S.-China trade war is dragging on the global economy, although the potential for conflicts in the Middle East offered support.
U.S. West Texas Intermediate crude futures were down 20 cents, or 0.4%, at $57.46 a barrel. They rose 15 cents in the previous session. Japanese government figures on Tuesday also showed that real wages in the country fell for a fifth straight month. The country is the world’s fourth-largest user of crude.
Iran on Monday threatened to restart deactivated centrifuges and step up its enrichment of uranium to 20% in a move that further threatens the 2015 nuclear agreement that Washington abandoned last year.
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