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U.S. Oil Slips Back After 2-Session Climb Ahead of Domestic Inventory Data
Wednesday, 29 August 2018 02:39 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

U.S. oil futures pulled back on Tuesday after two sessions of consecutive gains, but losses were modest as traders fretted over signs of receding output and braced for the latest weekly U.S. crude inventory data.

West Texas Intermediate crude for October delivery on the New York Mercantile Exchange shed 34 cents, or 0.5%, to settle at $68.53 a barrel, a day after notching the highest finish for a front-month contract since Aug. 7, FactSet data show.

Global benchmark October Brent crude lost 26 cents, or 0.3%, to $75.95 a barrel on ICE Futures Europe. It finished Monday at the highest for a front-month contract since July 10, and continues to trade well above the U.S. benchmark price.

Source : Marketwatch

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