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Friday, 21 July 2017

Oil nudges higher; Brent crude below $50 ahead of OPEC meeting

Oil nudges higher; Brent crude below $50 ahead of OPEC meeting:

"Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session.

International benchmark Brent crude futures were up 10 cents, or 0.2 percent, at $49.40 per barrel at 0658 GMT.

U.S. West Texas Intermediate (WTI) crude futures were up 7 cents, or 0.2 percent at $46.99 per barrel."



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