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Oil dips on rising U.S. supplies, market still tense on conflict in Syria

“There are also concerns that the United States could renew sanctions against Iran, a major Middle East oil producer” writes Midwest Communications Inc for 95kqds.com. Brent crude futures rose to $70.78 per barrel at 0154 GMT, down 26 cents, or 0.4 percent, from their last close.U.S. WTI crude futures were at $65.38 a barrel, down 13 cents, or 0.2 percent from their last settlement. That will likely make the United states the world’s biggest oil producer by 2019, surpassing Russia which currently pumps out almost 11 million bpd.
Source: 95kqds.com

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