LONDON: Oil eased below US$64 a barrel as evidence this week of rising crude supplies from Opec members outweighed signs of a slowdown in US output and Middle East tensions.
Brent crude was still within sight of its 2015 high reached on Thursday and has rallied 16% in April, supported by conflict in Yemen and the prospect that lower prices are starting to curb US shale output.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!