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Oil price little changed as market awaits US-China trade deal


  • Oil & Gas
  • Wednesday, 6 Mar 2019

Investors also weighed OPEC-led efforts to tighten crude supply against the restart of Libya's biggest oilfield and the prospect of weaker demand from China.  Brent, the international benchmark, settled at $65.86 a barrel, up 19 cents. U.S. West Texas Intermediate crude settled at $56.56 a barrel, down 3 cents.

Investors also weighed OPEC-led efforts to tighten crude supply against the restart of Libya's biggest oilfield and the prospect of weaker demand from China. Brent, the international benchmark, settled at $65.86 a barrel, up 19 cents. U.S. West Texas Intermediate crude settled at $56.56 a barrel, down 3 cents.

NEW YORK: Oil prices held near flat on Tuesday as the market wavered on expectations that the United States and China would reach a trade agreement as early as this month while awaiting U.S. government crude inventory data.

Investors also weighed OPEC-led efforts to tighten crude supply against the restart of Libya's biggest oilfield and the prospect of weaker demand from China.

Oil & Gas , Markets

   

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