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Oil Prices Slip from 2019 Highs, Eyes on Surging U.S. Output


Wednesday, 20 February 2019 20:28 WIB

Minyak WTIMinyak jenis BrentPasokan Minyak


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Oil prices pulled back from three-month highs on Wednesday as focus shifted to surging U.S. crude production and the market waited for the latest data on weekly U.S. inventories.

New York-traded West Texas Intermediate crude futures fell 26 cents, or 0.46%, to $56.19 a barrel by 7:36 AM ET (12:36 GMT), after touching $56.77 earlier, its highest level since November of last year.

Meanwhile, Brent crude futures, the benchmark for oil prices outside the U.S., traded down 36 cents, or 0.54%, to $66.09, backing off of $68.83 reached on Monday which was also its highest since November.

Source: Investing.com


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