Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment. Brent crude futures added 15 cents, or 0.2 percent, to $75.44 a barrel at 0020 GMT, after settling down 2 percent at $75.29 a barrel on Monday. U.S. West Texas Intermediate (WTI) crude was up 28 cents, or 0.4 percent, at $65.03 a barrel. It finished the previous session 1.6 percent lower at $64.75 a barrel. For More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774Monday 4 June 2018
Oil Climbs, But Record US Crude Output, Higher OPEC Supplies Drag; Brent Crude Drops 2%
Oil prices edged higher on Tuesday after falling nearly 2 percent in the previous session, but growing U.S. production and expectations of higher OPEC supplies continue to weigh on sentiment. Brent crude futures added 15 cents, or 0.2 percent, to $75.44 a barrel at 0020 GMT, after settling down 2 percent at $75.29 a barrel on Monday. U.S. West Texas Intermediate (WTI) crude was up 28 cents, or 0.4 percent, at $65.03 a barrel. It finished the previous session 1.6 percent lower at $64.75 a barrel. For More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774
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