Oil settles roughly flat a traders weigh prospects for output curbs, ahead of weekly data on U.S. crude supplies

Wednesday, 12 June 2019 03:16 WIB

Minyak WTIPasokan Minyak


Oil prices made only modest moves on Tuesday, settling roughly unchanged for the session, as traders weighed uncertainty surrounding a supply decision by OPEC and its allies and awaited a report that’s expected to reveal a modest, second straight weekly rise in U.S. crude supplies.

West Texas Intermediate crude for July delivery on the New York Mercantile Exchange rose by one cent, or 0.02%, to settle at $53.27 a barrel, while August Brent crude settled unchanged at $62.29 a barrel on ICE Futures Europe.

In other energy trading, July gasoline rose 1.5% to $1.756 a gallon, while July heating oil rose 0.9% to $1.822 a gallon.

Source: marketwatch


  • Oil prices rose on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that O...



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