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Oil Prices Settle Slightly Higher Even as Russia Says OPEC+ May Ease Output


Tuesday, 24 December 2019 03:56 WIB

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Oil futures settled slightly higher Monday, even as reports indicated that a recent pact to curb global output by OPEC and its allies may be eased and as Kuwait and Saudi Arabia appeared close to a resolution on a disputed territory, which could see fresh oil hit the market in coming months.

West Texas Intermediate crude for February delivery, the U.S. benchmark grade, gained 8 cents, or 0.1%, higher to close at $60.52 a barrel on the New York Mercantile Exchange.

February Brent crude tacked on 25 cents, or 0.4%, to end at $66.39 a barrel on ICE Futures Europe, after the international benchmark snapped a sixth straight session of gains on Friday but produced a 1.4% gain last week.

Source : Market Watch


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