Mubasher: Oil futures settled lower on Tuesday on worries over the impact of Sino-American spat and the tensions in the Middle East on demand.

June Nymex WTI lost $0.11, or 0.2%, to close at $62.99 per barrel.                    

After a rocket attack in the heavily fortified “Green Zone” in the Iraqi capital, President Donald Trump threatened Iran with “great force” if it attacked the US interests in the Middle East. The threat came amid the White House’s suspicions that the assault was staged by Iran-related militia.