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Oil Ticks Lower Ahead of OPEC Inventory Report


Tuesday, 12 June 2018 18:41 WIB

Minyak WTIbrent oilOil,Crude Oil


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Crude-oil futures ticked slightly lower in choppy trade early Tuesday as investors awaited details from a monthly report on inventories from the Organization of the Petroleum Exporting Countries and others.

U.S. benchmark July West Texas Intermediate crude fell 18 cents, or 0.3%, to $65.92 a barrel on the New York Mercantile Exchange. August Brent crude the global benchmark, lost 48 cents, or 0.6%, to trade at $75.98 a barrel on the ICE Futures Europe exchange.

Oil market participants are looking ahead to a batch of inventory reports with a particular focus on the latest monthly report from OPEC due later today.

Source : Marketwatch


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