You are here: Home » Reuters » News
Business Standard

Oil edges lower on high fuel inventories, industry efficiency

Reuters  |  SINGAPORE 

By Henning Gloystein and Aaron SheldrickSINGAPORE (Reuters) - Oil markets edged lower on Friday amid high fuel inventories and improving industry efficiency, but remained on track for a solid weekly gain, Brent crude futures, the international benchmark for oil prices, were down 19 cents, or 0.4 percent, at $48.23 per barrel at 0709 GMT. They have risen about 3.5 percent so far this week.U.S. West Texas Intermediate (WTI) crude futures were at $45.93 per barrel, down 15 cents, but heading for a 3.8-percent gain over the week.Crude prices are still around levels in late November last year, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, July 14 2017. 12:46 IST
RECOMMENDED FOR YOU