Friday, 3 August 2018

Oil futures edge lower on longer-term bearish factors | Reuters

Oil futures edge lower on longer-term bearish factors | Reuters:

Oil prices were down on Friday as the market re-focused on bearish longer term factors following a bounce in the previous session as U.S. crude inventories in a key hub fell to their lowest in nearly four years.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.70 per barrel at 0847 GMT, down 26 cents from their last settlement.

Brent crude futures LCOc1 were at $73.15 per barrel, down 30 cents from their last close.

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