Oil eases on profit taking, demand jitters; stays near highest in years


Brent futures fell 24 cents, or 0.3%, to settle at US$83.18 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 20 cents, or 0.3%, to $80.44.

NEW YORK: Oil prices eased on Wednesday on worries that crude demand growth would slow, which ate into recent gains that had brought prices to multi-year highs in recent sessions.

Analysts noted that some traders likely took profits in U.S. crude after West Texas Intermediate (WTI) futures hit their highest since October 2014 during the past three sessions.

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Oil price , Brent , oil , West Texas Intermediate , WTI ,

   

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