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Oil falls from 2015 highs as rally runs out of steam

US West Texas Intermediate (WTI) crude futures were at $59.53 a barrel, down 44 cents from their last settlement

Reuters  |  London 

Oil prices fell on Wednesday after hitting a near two-and-a-half-year high in the previous session as analysts said the rally was gradually running out of steam despite supply outages in Libya and the North Sea. Brent crude futures dropped to $66.27 a barrel, down 1.15 per cent, or 75 cents, at 1321 GMT after breaking through $67 for the first time since May 2015 the previous day. US West Texas Intermediate (WTI) crude futures were at $59.53 a barrel, down 44 cents from their last settlement. WTI broke through $60 a barrel for the first time since June 2015 in the previous ...

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First Published: Thu, December 28 2017. 02:53 IST
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