Oil futures fall as Iraqi supply fears decline

|By:, SA News Editor

Crude-oil futures fell in Asian trading hours today, due to waning concerns of Iraqi oil supply for the near term.

August Brent crude on London's ICE Futures exchange dropped, falling $0.29 to $113.01 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at $105.45 a barrel at 4:52 GMT, down $0.29 in the Globex electronic session.

Brent futures are still up 3.4% so far in June, after hitting a nine-month high earlier this month.

ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, OLEM