Oil prices edge lower as rising crude output offset geopolitical risks
Brent and West Texas Intermediate crude fell 37 cents as higher OPEC+ production outweighed attacks on ships and infrastructure in the Middle East.
4 Articles
4 Articles
Oil prices edge lower as rising crude output offset geopolitical risks
LONDON, Nov 12 : Oil prices moved slightly lower on Thursday after recovering from earlier losses, as persistent geopolitical tensions in the Middle East and Russia offset pressure from rising crude output.Brent futures were down 37 cents or 0.4 per cent at $92.39 a barrel at 0946 GMT. US West Texas Intermed
Crude Oil Prices Fall Below $93 As Rising US Inventories, OPEC+ Output Weigh On Market
Crude oil prices declined on Thursday as rising production from major oil-exporting countries and growing inventories in the United States raised concerns that global supply could exceed demand in the coming months. Brent crude oil, the international benchmark, dipped by 0.4% to trade at $92.39 per barrel, while US West Texas Intermediate (WTI) fell 0.43% […]
Oil prices were falling slightly this Thursday after recovering from initial losses, as persistent geopolitical tensions in the Middle East and Russia offset the pressure resulting from increased crude oil production.
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