Oil Prices Reverse Gains After Brent Tops $111 a Barrel
Oil prices turned lower Tuesday after Brent rose above $111 a barrel, its highest level since May. Traders weighed prospects for U.S.-Iran diplomacy against persistent Middle East supply risks.
By Farhan Rafid and Anthony HarrupOil prices turned lower Tuesday, reversing earlier gains that pushed Brent crude above $111 a barrel, its highest since May, as traders weighed prospects for U.S.-Iran diplomacy against persistent Middle East supply risks.December Brent crude futures were down 1.2…