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Oil prices fall as market awaits G20, OPEC
Thursday, 27 June 2019 08:49 WIB | ENERGY |Minyak WTIMinyak jenis Brent

Oil fell on Thursday, erasing some of the previous session's strong gains, as traders eye the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts.

Brent crude futures were down 44 cents, or 0.7%, at $66.05 by 0059 GMT.

U.S. West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.7%, at $58.97.

Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data showing a larger-than-expected drawdown in crude stocks as exports hit a record high and surprise drops in refined product stockpiles.

Source: Reuters

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