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Oil prices dip on signs of economic slowdown, but Opec-led cuts provide support


  • Oil & Gas
  • Wednesday, 16 Jan 2019

International Brent crude oil futures were at $60.46 per barrel at 0146 GMT, down 18 cents, or 0.3 percent from their last close.  U.S. West Texas Intermediate (WTI) crude futures were down 23 cents, or 0.4 percent, at $51.88 a barrel.

International Brent crude oil futures were at $60.46 per barrel at 0146 GMT, down 18 cents, or 0.3 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 23 cents, or 0.4 percent, at $51.88 a barrel.

SYDNEY/SINGAPORE: Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel.

International Brent crude oil futures were at $60.46 per barrel at 0146 GMT, down 18 cents, or 0.3 percent from their last close.

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