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Oil prices pressured by rising stocks, but expected OPEC cut supports(Update)


  • Oil & Gas
  • Thursday, 22 Nov 2018

U.S. West Texas Intermediate (WTI) crude futures, were at $53.71 per barrel at 0051 GMT, 8 cents above their last settlement.

U.S. West Texas Intermediate (WTI) crude futures, were at $53.71 per barrel at 0051 GMT, 8 cents above their last settlement.

SINGAPORE: Oil markets started Thursday timidly, with rising U.S. crude inventories pressuring prices but an expected supply cut by producer cartel OPEC offering some support.

U.S. West Texas Intermediate (WTI) crude futures, were at $53.71 per barrel at 0051 GMT, 8 cents above their last settlement.

Oil & Gas , Markets , Corporate News

   

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