Brent oil prices dipped on Tuesday, reversing earlier gains of $1, as concerns of a possible global recession curtailing fuel demand outweighed supply disruption fears, highlighted by a potential production cut in Norway. Brent crude futures for September settlement fell by 60 cents, or 0.5%, to $112.89 a barrel by 0638 GMT. U.S. West Texas Intermediate crude climbed $1.13, or 1.1%, to $109.58 a barrel, from Friday’s close. There was no settlement for WTI on Monday because of the Independence Day public holiday in the United States. “Oil is still struggling to break out from […]