Oil prices dipped on Thursday as Iran signalled it could be won over to a small rise in OPEC crude output, likely paving the road for the producer cartel to agree with a supply increase during a meeting on June 22. However, prices were prevented from falling further by record refinery runs in the United States and a large decline in U.S. crude inventories, a sign of strong fuel demand in the world's biggest economy. ALSO READ: India urges OPEC to fill supply gap and ensure sustainable oil prices Brent crude futures, the international benchmark for oil prices, were at ...
Oil prices slip as Iran signals support for slight increase in Opec supply
Tehran had previously resisted pressure by OPEC's de-facto leader Saudi Arabia to raise output