International Oil Prices Close Mixed Amid Forecasts of oversupply... WTI Down 0.2%
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(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 13th (local time), international oil prices closed mixed due to the impact of forecasts of a global oil oversupply and rising inventories in the United States.
Brent and OPEC basket prices rose, while US crude prices fell; at the same time, natural gas, gasoline, and heating oil futures fell.
WTI crude oil closed down 18 cents at $88.56 per barrel, while Brent slightly gained, closing at $95.84, after the IEA projected that global oil supply would exceed demand in the fourth quarter, coupled with slowing US demand, putting downward pressure on oil prices for the second consecutive week. The post WTI closes down 18 cents at $88.56 amid concerns over global oil supply appeared first on Business Online Stock News.
Crude oil futures prices at the New York Mercantile Exchange fell for the first time in three days on the 13th, with the benchmark West Texas Intermediate (WTI) December delivery closing down $0.18 from the previous day at $88.56 per barrel.
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