Brent crude oil futures dipped for a second session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies. Global benchmark Brent was down 12 cents, or 0.16 percent, at $76.67 a barrel. “In the U.S., the data also presented a gloomy picture. Crude oil production rose to another record, while drilling activity picked up again.” But U.S. West Texas Intermediate (WTI) crude futures gained 6 cents, or 0.09 percent, to $65.87 a barrel. Last week, the market lost around 3 percent, adding to a near 5-percent decline from a week before. For More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774Sunday, 3 June 2018
Crude Oil Prices Ease On Record U.S. Output, Higher OPEC Supplies
Brent crude oil futures dipped for a second session on Monday, with prices coming under pressure from record U.S. output and expectations of higher OPEC supplies. Global benchmark Brent was down 12 cents, or 0.16 percent, at $76.67 a barrel. “In the U.S., the data also presented a gloomy picture. Crude oil production rose to another record, while drilling activity picked up again.” But U.S. West Texas Intermediate (WTI) crude futures gained 6 cents, or 0.09 percent, to $65.87 a barrel. Last week, the market lost around 3 percent, adding to a near 5-percent decline from a week before. For More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774
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