Ticker

6/recent/ticker-posts

Advertisement

Oil prices ease in cautious trading ahead of OPEC Meeting.

U.S. West Texas Intermediate (WTI) crude futures were at $52.57 per barrel at 0109 GMT, down 32 cents, or 0.6 percent, from their last close.


Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.

U.S. West Texas Intermediate (WTI) crude futures were at $52.57 per barrel at 0109 GMT, down 32 cents, or 0.6 percent, from their last close.

International Brent crude oil futures were down 17 cents, or 0.3 percent, at $61.39 per barrel.

Since early October, crude oil has lost around 30 percent of its value amid surging supply and fears that an economic downturn will erode fuel demand.



[caption id="attachment_213" align="alignnone" width="300"]crudeoil news crudeoil news[/caption]


Crude oil trading free tips 

 

Post a Comment

0 Comments