Oil prices dip on U.S. crude reserve release, inflation pressure

Oil prices dipped on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve, while traders look out for U.S. inflation data for further queues. Brent crude futures fell 80 cents, or 0.9%, to $85.81 per barrel, while U.S. crude futures fell $1.05, or 1.3%, to $79.09 per barrel. Both benchmarks are Read More