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Oil prices drop on rising supplies from top three producers

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer cartel OPEC could relax voluntary output cuts.Brent crude futures, the international benchmark for oil prices, were at $75.36 per barrel by 0708 GMT, down 52 cents, or 0.7 percent, from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $65.87 a barrel, down 49 cents, or 0.7 percent, from their last settlement.The Organization of the Petroleum Exporting Countries (OPEC), together with some non-OPEC producers, including ...

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First Published: Wed, June 13 2018. 12:40 IST
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