By Adedapo Adesanya The oil market fell on Tuesday as weak consumer confidence data in the United States fed worries about the economic outlook and fuel demand after a slow start to the summer driving season, with Brent futures for August down by $1 or 1.2 per cent at $85.01 a barrel and the US West Texas Intermediate (WTI) crude futures losing 80 cents or 1 per cent to settle at $80.83 per barrel. Consumer confidence in the world’s largest economy decreased in June while households remained upbeat about the labour market and expected inflation to moderate. Concerns about the
Oil Market Dips Over Weak Demand Outlook
