Oil prices nudged lower on Monday after international benchmark Brent hit a fres...
TOKYO - Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.
U.S. West Texas Intermediate crude futures were at $63.63 per barrel, down 26 cents, or 0.4 percent, from their last settlement. But at the same time, “murmurings from various ministers of the OPEC+ pact suggest supply from the group will not be ramped up pre-emptively as per last summer,” he said. The head of Libya’s National Oil Corp warned on Friday that renewed fighting could wipe out crude production in the country.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil edges lower, supply concerns check lossesOil prices edged lower on Monday after international benchmark Brent hit a fresh...
Read more »
Oil dips, supply issues in focusOil prices edged lower on Monday after international benchmark Brent hit a fresh...
Read more »
Fresh violence in Libya could provide new shock to oil marketsBrent and WTI oil futures are at their highest price since November last year.
Read more »
Fresh violence in Libya could deliver a new shock to oil marketsThe small number of U.S. troops in Libya assisting local forces in fighting al-Quaida have been pulled from the capital city due to 'security conditions on the ground.'
Read more »
Oil shares jump after Chevron buys Andarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparked speculation the oil patch will see a new wave of consolidation as major players look to build scale and lower costs in the shale sector.
Read more »
Oil shares jump after Chevron buys Anadarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparks speculation the oil patch will see a new wave of consolidation.
Read more »
Oil won't be going back up to $80 levels, Goldman Sachs' commodities head Jeff Currie saysOil won't be returning to the peak levels it saw last year when global benchmark Brent Crude hit $86 a barrel, Goldman Sachs' top commodities analyst said Monday.
Read more »