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Tuesday, 18 April 2017

Oil edges down after expected climb in U.S. output | Reuters

Oil edges down after expected climb in U.S. output | Reuters:

"Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as four days and as a U.S. government report indicated rising production.

Benchmark Brent crude futures were down 4 cents at $55.32 at 0649 GMT (2:49 a.m. ET). They ended a quiet session on Monday down 53 cents at $55.36, after rising the three previous weeks.

U.S. West Texas Intermediate (WTI) crude futures were also down 4 cents at $52.61 a barrel. They settled down 53 cents at $52.65 a barrel."



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