You are here: Home » Reuters » News
Business Standard

Oil mixed as OPEC cites uncertain market outlook for 2018

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices were mixed on Tuesday, with U.S. crude settling higher before falling in post-settlement trading, and Brent slipping as investors prepared for a key meeting of the OPEC producer group next week.Brent crude futures fell 58 cents to settle at $75.88 a barrel, while U.S. West Texas Intermediate crude futures climbed 26 cents to $66.36.In post-settlement trading, however, WTI turned negative while Brent extended losses after data from the American Petroleum Institute showed a surprise build of 833,000 barrels in U.S. crude stockpiles. Analysts had ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, June 13 2018. 02:40 IST
RECOMMENDED FOR YOU