U.S. Oil Prices Hold at 5-Month Highs as Libyan Production at Risk of Civil Unrest

Tuesday, 9 April 2019 19:19 WIB

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U.S. oil futures prices held at five-month highs in firmer Tuesday action, as investors were cautious for potential supply outages tied to civil unrest in Libya.

U.S. benchmark West Texas Intermediate crude for May delivery on the New York Mercantile Exchange was up 6 cents, or 0.1%, at $64.46 a barrel. The contract gained for a sixth straight session and marked the highest finish since Oct. 31 on Monday, according to Dow Jones Market Data. The contract rose 4.9% for last week.

June Brent was down 10 cents, or 0.1%, at $71 a barrel and has spent time both higher and lower. The settlement at $71.10 Monday was the highest for a front-month contract since Nov. 7.

Source : Marketwatch


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