Oil prices drop amid hawkish comments from ECB president
NEW YORK, June 27 (Xinhua) -- Crude oil futures prices suffered substantial losses on Tuesday as hawkish comments from European Central Bank (ECB) President Christine Lagarde added concerns over oil demand outlook.
The West Texas Intermediate (WTI) for August delivery shed 1.67 U.S. dollars, or 2.41 percent, to settle at 67.70 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August deli