You are here: Home » Reuters » News
Business Standard

U.S. crude falls 1 percent on concerns over rising output

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil fell more than 1 percent on concerns over rising U.S. production and as equities fell, erasing earlier gains driven in part by the firing of U.S. Secretary of State Rex Tillerson.Brent crude futures dropped 31 cents, or 0.5 percent, to settle at $64.64 per barrel. U.S. West Texas (WTI) crude futures fell 65 cents, or 1.06 percent, to $60.71 per barrel.The market has been buffeted by a number of factors in an active session, including weakness in the equity market, which has trended in tandem with oil of late. U.S. production has reached an all-time ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, March 14 2018. 00:55 IST
RECOMMENDED FOR YOU