Brent crude oil price has suffered a harsh reversal in the past few days as the crisis in the Middle East eased. It plunged from a high of $80.13 on Monday to the current $67.9, its lowest level since June 11.

Oil futures were little changed on Wednesday as markets weighed expectations of more supply from major producers next month, a softer U.S. dollar and a mixed bag of economic and market indicators from the U.