Oil Eases Slightly on Mixed Supply Cues, Geopolitical Tensions

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, on June 4, 2023. Alexander Manzyuk/Reuters

LONDON—Oil prices eased slightly on Tuesday as traders weighed simmering geopolitical tensions in several regions with supply outages in the U.S. and returning production in Libya.

Brent crude futures lost 31 cents, or 0.39 percent, to $79.75 a barrel by 1019 GMT, while U.S. West Texas Intermediate crude futures (WTI) shed 33 cents, or 0.44 percent, to $74.43 a barrel.