Oil Prices Edge Down on Output Reassurances

Oil prices dropped on Tuesday morning in Asia as Saudi Arabia and Russia vowed to raise crude output, slashing market concerns over looming sanctions on Iran that kick off in November.

Crude Oil WTI Futures for December delivery inched down 0.01% to $67.02 per barrel by 11:56 PM ET (03:56 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for January 2019 delivery also fell 0.44% to $77.06 a barrel on London’s Intercontinental Exchange.

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