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Crude oil prices ease from 2014 high, supply concerns limit losses

Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark touched $89.13 a barrel in the last session, its highest since October 2014

crude oil, petroleum
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Reuters
Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.

Brent crude futures dropped 72 cents, or 0.81%, to $87.72 a barrel, as of 0152 GMT. The global benchmark touched $89.13 a barrel in the last session, its highest since October 2014.

U.S. West Texas Intermediate (WTI) crude futures gave up 96 cents, or 1.1%, to stand at $86 a barrel.
 
"The International Energy Agency said global oil demand is on track to hit

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First Published: Jan 20 2022 | 9:31 AM IST

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