India, July 31 -- Oil prices were a tad lower on Friday but headed for sharp monthly gains on fears of further disruptions to Middle Eastern energy supplies.
Brent crude futures fell slightly at $86.85 a barrel but were on track to gain more than 20 percent for the month.
WTI crude futures slipped 0.3 percent to $83.31 following reports that more oil was passing through the Strait of Hormuz. On a monthly basis, the contract was set for a gain of more than 15 percent.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....