Oil near 4-mth low

Singapore, June 5 (BNA):  Oil prices hovered near four-month lows in Asia on Wednesday as markets digested an OPEC+ decision to boost supply later this year and following an increase in U.S. crude and refined products stocks.


Brent crude futures were up 1 cent at $77.53 a barrel by 0638 GMT, while U.S. West Texas Intermediate crude futures were down 2 cents at $73.23 a barrel, Reuters reported.


Both contracts fell nearly a dollar on Tuesday to their lowest settlement levels since early February, and had declined around $3 a barrel on Monday.



M.I.







#Oil #4mth

Source link

READ MORE  Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Leave a Comment