Oil prices dip on concerns over weaker economic growth

NEW YORK, June 6 (Xinhua) -- Crude oil futures prices declined on Tuesday as weaker economic growth prospects dampened market sentiment.

The West Texas Intermediate (WTI) for July delivery fell 0.41 U.S. dollars, or 0.57 percent, to settle at 71.74 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery decreased by 0.42 dollars, or 0.55 percent, to settle at 76.29 dollars a barrel