You are here: Home » Reuters » News
Business Standard

Oil prices edge lower as market settles into range

Reuters  |  TOKYO 

By Aaron SheldrickTOKYO (Reuters) - Oil futures inched down on Thursday despite official figures showing U.S. crude inventories fell more than expected, with an analyst saying the market had settled into a range.Brent crude, the global benchmark, was down 4 cents, or 0.1 percent, at $52.66 at around 0232 GMT, after earlier trading as high as $52.80. It closed up 1.1 percent on Wednesday, snapping two days of declines.U.S. West Texas Intermediate (WTI) crude was down 3 cents at $49.52, after rising to $49.69 earlier. The contract gained 0.8 percent in the previous session."We have settled into ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, August 10 2017. 08:52 IST
RECOMMENDED FOR YOU