Oil dips away from mid-2015 highs as higher output looms | ZAWYA MENA Edition

Oil dips away from mid-2015 highs as higher output looms | ZAWYA MENA Edition:

"Oil prices held steady on Wednesday near mid-2015 highs reached the previous session as high output in the United States and Russia balanced tensions from a sixth day of unrest in OPEC member Iran. U.S. West Texas Intermediate (WTI) crude futures were at $60.50 a barrel at 1017 GMT, up 13 cents from their last close, though still not far off the $60.74 reached on the previous day that was the highest since June 2015. Brent crude futures - the international benchmark for oil prices - were at $66.74 a barrel, up 17 cents but still trailing Tuesday's high of $67.29 that was the most since May 2015. "



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