Oil dips on signs of profit-taking after rallying in July

Oil prices edged lower on Tuesday on signs of profit-taking after rallying in July when investors benefited from tightening global supplies and signs of growing demand in the second half of the year. Brent crude futures for October were at $85.89 a barrel at 0822 GMT, down 54 cents. Front-month Brent settled at its highest … Continue reading Oil dips on signs of profit-taking after rallying in July