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Oil dips as supply adequate despite Iran sanctions, but market tightening


Wednesday, 24 April 2019 13:48 WIB

Minyak WTIMinyak MentahMinyak Brent


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Oil prices fell on Wednesday amid signs that global markets remain adequately supplied, despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran.

Brent crude futures were at $74.24 per barrel at 05:50 GMT, down 27 cents, or 0.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $66.05 per barrel, down 25 cents, or 0.4 percent, from their previous settlement.

Crude oil prices for spot delivery rose to 2019 highs earlier in the week after the United States said on Monday it would end all exemptions for sanctions against Iran, demanding countries halt oil imports from Tehran from May or face punitive action from Washington.

Source : Reuters


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