Oil prices today: Brent, WTI dip as Strait of Hormuz warning keeps Iran risk premium in play
Brent crude fell 24 cents to $68.80 a barrel and WTI dropped 30 cents to $64.06 on Tuesday as traders watched U.S.-Iran tensions and new U.S. shipping guidance for the Strait of Hormuz. OPEC output declined by 60,000 barrels per day in January, a Reuters survey showed. U.S. oil inventory data is due Wednesday.