Oil retreats but geopolitical jitters limit declines

Lucian Nemoiu

LONDON : Oil prices eased on Wednesday, after rising more than 1 per cent in the previous session, though ongoing geopolitical jitters provided a floor for the market, with traders eyeing an expected interest rate cut from the U.S. Federal Reserve later in the day. Brent crude futures were down 41 cents, or 0.6 per cent, to $68.06 a barrel at 0939 GMT, while U.S. West Texas Intermediate crude futures were down 37 cents, also around 0.6 per cent, to $64.15 a barrel. The benchmarks settled more

Oil retreats but geopolitical jitters limit declines https://www.channelnewsasia.com/ - 12:51

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Oil retreats but geopolitical jitters limit declines https://www.channelnewsasia.com/ - 12:51