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Caspian Energy Journal Caspian European Club
Thursday, 18 April 2019 15:00

Oil prices slip

Oil prices slip

Oil markets fell on Thursday despite a surprise decline in U.S. inventories, but the price drops were tempered by a smaller-than-expected reduction in gasoline stocks and ongoing OPEC-led supply cuts, Caspian Energy News (www.caspianenergy.net) reports with reference to Reuters.

Brent crude futures were at $71.43 a barrel at 0700 GMT, down 19 cents, or 0.3 percent, from their last close and further away from Wednesday’s five-month high of $72.27 a barrel.

U.S. West Texas Intermediate (WTI) crude futures were at $63.62 per barrel, down 14 cents, or 0.2 percent.

Both contracts had traded slightly higher earlier in the day.

More details: https://www.reuters.com/article/us-global-oil/oil-prices-slip-but-ongoing-supply-cuts-support-idUSKCN1RU041

Person in charge of the newsline: Olga Nagiyeva 

 

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