Thursday, 15 February 2018

Brent pares losses, U.S. crude rises on weak dollar

Brent pares losses, U.S. crude rises on weak dollar:

"Oil prices were mixed on Thursday with Brent paring losses and U.S. crude turning positive as a weak dollar and Saudi Arabia’s comments that OPEC and other producers were committed to their pact on cutting supplies outweighed record U.S. production and rising inventories.

Brent futures LCOc1 were down 25 cents, or 0.4 percent, at $64.11 a barrel by 2:10 p.m. EST (1910 GMT), while U.S. West Texas Intermediate crude CLc1 were up 48 cents, or 0.8 percent, at $61.08.

The premium of Brent over WTI WTCLc1-LCOc1 was near its lowest in six months."



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