Oil Stable As US-China Trade Row Weighs, Iran Sanctions Cut Supply OutLook

Oil prices dipped slightly on Monday on concerns that a US-China trade dispute will erode global economic growth, although looming US sanctions against Iran's oil sector kept crude from falling further, traders said. International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close.
US West Texas Intermediate (WTI) crude futures were down 9 cents at $68.63 a barrel.
OPEC-member Iran has exported around 2.5 million barrels per day of crude oil so far this year. Most analysts expect this figure to fall by at least 1 million bpd once sanctions kick in. For More Information About Commodity Market Tips Please Visit Our Official Website : www.dollaradvisory.com and Call : 9111179961