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Oil Futures End Lower After EIA Cuts Price Forecasts
Wednesday, 8 April 2020 02:09 WIB | COMMODITY |Minyak WTIWTIMinyak

Oil futures settled lower on Tuesday, giving up earlier gains after the Energy Information Administration lowered its U.S. and global benchmark crude price forecasts for this year and next.

Traders also weighed prospects for a global output cut when major producers meet later this week.

May West Texas Intermediate oil fell $2.45, or 9.4%, to settle at $23.63 a barrel on the New York Mercantile Exchange.

Source : Market Watch

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