London Brent crude fell 80 cents to $127.22 a barrel.
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Oil Prices Decline Over Weakening Demand
Tuesday oil settled down towards $127 over worries about weakening oil demand
Tuesday oil settled down towards $127 over worries about weakening oil demand overshadowed fears that the Atlantic hurricane season could threaten supply.
U.S. light crude for July delivery fell 50 cents a barrel to $127.26 by 0245 GMT, reversing Monday's 41-cent gain as the start of the hurricane season stirred concerns that oil and natural gas output could be disrupted in the Gulf of Mexico.
London Brent crude fell 80 cents to $127.22 a barrel.
London Brent crude fell 80 cents to $127.22 a barrel.
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