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Wall Street opens little changed as oil edges up

US crude traded up 0.45 per cent at $42.71 per barrel


US stocks opened little changed on Thursday as oil prices remained near multi-month lows, undermining efforts by major producers to stabilise the market. US crude traded up 0.45 per cent at $42.71 per barrel. They closed down 1.6 per cent on Wednesday after touching their lowest level since August. Global benchmark Brent was 0.83 per cent higher at $45.19. Since peaking in late February, crude has dropped around 20 per cent, skidding into bear market territory, despite OPEC-led efforts to stabilise the market. "Oil is trying to balance, but I'm worried that it would ...

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First Published: Thu, June 22 2017. 21:43 IST