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Oil steady as emerging market woes dim demand outlook

Reuters  |  LONDON 

By Christopher JohnsonLONDON (Reuters) - Oil prices slipped on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed towards tighter supply ahead.Benchmark Brent crude oil was down 10 cents at $72.71 a barrel by 1130 GMT. U.S. light crude fell 30 cents to $67.33.Turkey's financial crisis has raised the risk of contagion throughout emerging economies, dragging down South Africa's rand, Argentina and Mexico's pesos as well as the Russian rouble. It has also dented emerging market stocks while curbing growth and the ...

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First Published: Mon, August 13 2018. 17:08 IST