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Oil Prices Lower, Brent Falls Below $72 on Trump Comments

Monday, 29 April 2019 20:10 WIB Minyak jenis Brent Minyak WTI Berjangka

Oil prices started the week lower on Monday, following declines late last week triggered by a demand from President Donald Trump that OPEC step up output in order to offset the impact of U.S. sanctions against Iran. London traded Brent crude futures were down 0.2% to $71.55 by 08:13 AM ET (12:13 GMT) after earlier hitting an intra-day low of $70.64, the weakest level since April 11. U.S. crude prices were down 0.3% to trade at $63.14, holding above Friday’s three-week low of $62.28. Prices closed off the worst levels of the day Friday after OPEC's Secretary General Mohammed Barkindo denied having spoken with Trump. The president later tweeted that he had spoken to Saudi Arabia. In...

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