Oil stable amid expectations OPEC will cut supply to prevent glut forming | Reuters:
Oil prices were stable on Tuesday on expectations that producer club OPEC will soon cut supply to prevent oversupply amid slowing demand growth and a surge in output from the United States.
U.S. West Texas Intermediate (WTI) crude futures, were at $57.21 per barrel at 0117 GMT, 1 cent above their last settlement.
Front-month Brent crude oil futures were at $66.75 a barrel, down 4 cents from their last close.
No comments:
Post a Comment