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Oil steady, near three-year highs on geopolitics, tighter supply

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices held steady on Thursday, remaining close to highs last reached in late 2014 on Middle East geopolitical tensions and shrinking global oil inventories. Brent crude futures were at $71.84 a barrel by 2:01 p.m. EDT (1801 GMT), down 22 cents. U.S. WTI crude futures were up 3 cents at $66.85. On Wednesday, both crude benchmarks hit their highest levels since late 2014.Prices had started to pull back earlier in Thursday's session, pressured by a stronger dollar, but recovered as the dollar retreated. A stronger greenback makes it more expensive to ...

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First Published: Thu, April 12 2018. 23:52 IST
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