Oil Edges Lower on Strong US Dollar, Mixed Supply Cues

Oil Edges Lower on Strong US Dollar, Mixed Supply Cues
A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, on June 4, 2023. Alexander Manzyuk/Reuters
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LONDON—Oil prices slipped in early trade on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, rising U.S. bond yields and mixed supply signals.

Brent futures dipped 30 cents to $90.41 a barrel by 0849 GMT, while U.S. West Texas Intermediate crude (WTI), crept 18 cents lower to $88.64 per barrel. Earlier, prices had been down by about 1 percent.