Oil prices fall as supply concerns ease

Oil prices fell on Tuesday after concerns about supply disruptions in the Middle East eased. Brent crude prices fell 12 cents, or $2.02, or 0.15%, to $77.54. US West Texas Intermediate (WTI) crude futures for the nearest month, which expire on Tuesday, were at $74.23 a barrel, down 14 cents, or 0.2%. The second-month contract, which is more actively traded, fell 15 cents, or 0.2%, to $73.52. Brent fell about 2.5% on Monday, while WTI fell 3%. Source: National Iraqi News Agency