Open Demo Account
Home / Market Update / Commodities / Oil Prices Stable near Yesterday’s Levels

Oil Prices Stable near Yesterday’s Levels

M. Ali 8 July, 2020 12:37 am Commodities, Market Update

Crude oil prices settled lower on Tuesday, as markets anticipate US crude inventories data.

Brent crude oil futures for September delivery declined by 2 cents to close at $43.08 per barrel.

The benchmark US crude oil, the West Texas Intermediate (WTI), futures for August delivery decreased by 1 cent to settle at $40.62 per barrel.

Earlier today, a report by the US Energy Information Administration (EIA) showed that US crude oil production is expected to decline by 600,000 barrels per day (bpd) in 2020 to 11.63 million bpd and to 11.01 million bpd in 2021.

Tags

Check Also

Only Slight Advance: Trade Threats and War Headlines Keep Greenback in Retreat

The US Dollar managed a modest bounce on Friday after sliding to its lowest point …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends