OIL PRICE: NEAR $58 ANEW
REUTERS - Oil prices fell on Tuesday on lingering concerns over global demand and rising U.S. production, though expectations for major producers to further curtail output offered support.
Brent crude futures LCOc1 were down 20 cents or 0.3% from the previous settlement at $58.29 a barrel by 0643 GMT. The international benchmark has lost over 20% since hitting its 2019 high in April.
U.S. West Texas Intermediate (WTI) CLc1 futures were at $54.69 per barrel, down 24 cents or 0.4%.
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