Oil prices held steady on Thursday following solid gains the previous day when falling U.S. fuel inventories lifted the market.
However, Brent crude oil prices remain below the key $50 per barrel mark on concerns about high supplies from producer club OPEC despite a pledge to cut output in a bid to tighten the market.Brent crude futures LCOc1 , the international benchmark for oil prices, were at $49.67 per barrel at 0132 GMT, just 3 cents below their last settlement.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.08 per barrel, 4 cents below their last close.
Prices jumped nearly 2 percent in the previous session on news of falling fuel stocks in the United States. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774
However, Brent crude oil prices remain below the key $50 per barrel mark on concerns about high supplies from producer club OPEC despite a pledge to cut output in a bid to tighten the market.Brent crude futures LCOc1 , the international benchmark for oil prices, were at $49.67 per barrel at 0132 GMT, just 3 cents below their last settlement.U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $47.08 per barrel, 4 cents below their last close.
Prices jumped nearly 2 percent in the previous session on news of falling fuel stocks in the United States. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774
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