Oil dips on doubts over output cuts, crude glut woes
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NEW YORK (Reuters) - Oil edged lower on Tuesday on uncertainty over whether the world's biggest producers would agree to cut output in the face of a swelling crude oil glut as fuel demand has been hammered during the coronavirus pandemic.Brent crude fell 12 cents to $32.93 a barrel by 1:13 p.m. EDT (1713 GMT), while West Texas Intermediate (WTI) crude lost 35 cents to $25.73 a barrel."The market is indicating that it wants some more certainty on whether the Russians and Saudis will strike a..