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UN World Tourism Organization Opens Regional Office in Riyadh

Oil prices dip on concerns about possible return of Iranian supply |

U.S. West Texas Intermediate crude fell 57 cents, or 0.9%, to $65.64 a barrel. Oil prices dipped on Thursday, as concern about demand in India and the potential for a rise in Iranian supplies offset optimism over the U.S and European summer driving season. Brent fell 60 cents, or 0.9%, to $68.27 a barrel by 1121 GMT. U.S. West Texas Intermediate crude fell 57 cents, or 0.9%, to $65.64 a barrel. “Despite supportive inventory data from the United States on Wednesday, crude oil remains stuck in a sideways environment with Brent trading between $65 to $70 per barrel,” said UBS oil analyst Giovanni Staunovo. U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said, as a gradual lifting of coronavirus restrictions boosted road fuel demand.

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