World oil prices dropped in volatile trade on Tuesday as traders shrugged off news that crude producers agreed to cut production over the weekend, traders said.
Futures had earlier risen after US President Donald Trump indicated Monday that producers were considering cutting 20 million barrels per day — more than double the announced figure.At about 1100 GMT, European benchmark London Brent North Sea oil for delivery in June dipped 0.4 percent to trade at $31.61 per barrel.
