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Oil prices mixed on Canadian outage update, U.S. sanctions on Iran

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices were mixed on Monday, with U.S. crude lower on news about the timeline for the end of a major Canadian production outage, while global benchmark Brent gained on looming sanctions on Iran and falling production in Libya. U.S. light crude futures were down 33 cents to $73.46 by 12:17 p.m. EDT (1617 GMT). Brent was up 74 cents at $77.85. An updated timeline on the restart of the Syncrude oil sands facility added a jolt of volatility into U.S. crude trading, said John Kilduff, partner at energy hedge fund Again Capital LLC in New York.Brent, ...

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First Published: Mon, July 09 2018. 22:35 IST