Oil prices changed slightly today, Tuesday, and remained hovering near their highest level in three months, which they reached on Monday, amid indications of a decline in global supplies due to production cuts by producing countries and strong demand in the United States, the largest consumer of fuel in the world.
Brent crude futures were at $85.30 a barrel, down 13 cents, or 0.15 percent, from the previous session's settlement price. Front-month contracts for Brent crude reached their highest level in three months since April 13 on Monday.
US West Texas Intermediate crude was $81.69 a barrel, down 0.1 percent, or 11 cents, from the settlement price in the previous session, which reached its highest level since April 14.
Source (Al-Arabiya.net Website, Edited)
