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Oil prices on shaky ground mid global financial market worries(Update)


U.S. West Texas Intermediate (WTI) crude futures were at $51 per barrel at 0028 GMT, unchanged from their last close. Earlier Brent crude oil futures settled down $1.70, or 2.76 percent at $59.97 a barrel. In post-settlement trading, Brent extended losses to a session low of $59.61. U.S. futures fell $1.61, or 3.06 percent, to $51.00 a barrel. In post-settlement trade, U.S. crude dropped to as low as $50.53 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were at $51 per barrel at 0028 GMT, unchanged from their last close. Earlier Brent crude oil futures settled down $1.70, or 2.76 percent at $59.97 a barrel. In post-settlement trading, Brent extended losses to a session low of $59.61. U.S. futures fell $1.61, or 3.06 percent, to $51.00 a barrel. In post-settlement trade, U.S. crude dropped to as low as $50.53 a barrel.

SINGAPORE: Oil prices remained on shaky ground on Tuesday after sliding by 3 percent the previous day, pressured by weakness in global stock markets and doubts that planned supply cuts led by producer club OPEC will be enough to rein in oversupply.

U.S. West Texas Intermediate (WTI) crude futures were at $51 per barrel at 0028 GMT, unchanged from their last close.

Oil & Gas , Corporate News

   

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