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Oil Eases Back From 4-Year Highs With Data Expected to Show a Weekly Rise in U.S. Crude Supplies


Wednesday, 3 October 2018 02:41 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil futures end a few cents lower on Tuesday, a day after reported declines in Iranian exports and a preliminary trade agreement between the U.S., Canada and Mexico contributed to a rise in global and U.S. prices to their highest levels in nearly four years.

Investors awaited weekly data, due early Wednesday, that are expected to reveal a second straight climb in U.S. crude inventories.

November West Texas Intermediate crude the U.S. benchmark, fell 7 cents, or less than 0.1%, to settle at $75.23 a barrel on the New York Mercantile Exchange. December Brent fell by 18 cents, or 0.2%, to finish at $84.80 a barrel on the ICE Futures Europe exchange.

Source : Marketwatch


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