Oil prices were mixed in Asia on Tuesday as a global glut and soft demand overshadowed the impact of geopolitical tensions in the crude-rich Middle East, analysts said.
US benchmark West Texas Intermediate (WTI) for June delivery gained ten cents to $59.53 while Brent crude for July eased eight cents to $66.19 in afternoon trade.
Yemen is not a major oil-producing country, but its coast forms one side of the Bab el-Mandeb Strait, the key strategic entry point into the Red Sea through which some 4.7 million barrels of oil pass each day on ships headed to or from the Suez Canal.Real Time News & Trading Trends Keep Liking Epic Research Private Limited
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