LONDON—Oil prices slipped on Tuesday ahead of data shedding light on U.S. appetite for fuel during the summer driving season, with the Brent benchmark’s price structure indicating bulls are retreating.
By 1349 GMT Brent crude futures were down 74 cents, or 1 percent, at $73.44 a barrel. U.S. West Texas Intermediate (WTI) futures fell 74 cents, or 1.1 percent, to $68.63. Both benchmarks had earlier retreated by more than $1.
