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Oil recovers after sliding on Trump tweet criticizing OPEC

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump's criticism of OPEC's role in pushing up global oil prices. Brent crude oil futures gained 28 cents, or 0.4 percent, to settle at $74.06 per barrel. West Texas Intermediate crude futures for delivery in June, the most active U.S. contract, were up 7 cents at $68.40. The May WTI contract, which expired on Friday, gained 9 cents, or 0.1 percent, to settle at $68.38."Looks like OPEC is at it again," Trump tweeted."With record amounts of Oil all over the ...

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First Published: Sat, April 21 2018. 01:29 IST