Oil prices mixed as markets weigh OPEC+ cuts, China demand concerns

Beijing, Dec. 6 (BNA): Oil prices were mixed in Asian trade on Wednesday, after posting four sessions’ worth of losses, as markets weighed the effectiveness of OPEC+ cuts on supplies and worries of a worsening demand outlook in China.

 

Brent crude futures climbed 1 cents to $77.21 a barrel.

 

While U.S. WTI crude futures were down 4 cents at $72.28 a barrel, Reuters reported.

 

Both benchmarks closed at their lowest level since July 6 in the previous session, with WTI seeing four consecutive days of declines.

 

W.M