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Oil ends lower as U.S.-China trade worries linger and uncertainty surrounds Russia's output-cut decision


Tuesday, 11 June 2019 03:04 WIB

Minyak WTI


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Oil futures finished lower on Monday as investors focused on worries about slowing global growth and uncertainty surrounded Russia’s decision on whether to extend production curbs beyond their expiration this month.

Oil then finished solidly lower, after a more than half-hour settlement delay. A CME spokesman confirmed the delay to WTI settlement data, but had no further information at the time.

West Texas Intermediate crude for July delivery on the New York Mercantile Exchange lost 73 cents, or 1.4%, to settle at $53.26 a barrel, while August Brent crude fell $1, or 1.6%, to $62.29 a barrel on ICE Futures Europe.

Source: Marketwatch


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