Oil Prices Mixed But Expected Output Increase Drags

Oil prices were mixed in Asian trading on Tuesday, but remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in supply.

Brent crude futures were up 31 cents, or 0.41 percent, at $75.61 a barrel at 0213 GMT, after settling at their lowest since May 8 at $75.30.

U.S. West Texas Intermediate (WTI) crude was down $1.05, or 1.55 percent, at $66.83 a barrel, sitting around its lowest since April 17.

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Suhani Verma

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