Crude Oil Price Edges Up, Though 2018 Outlook Cites Ample Supplies


Crude Oil Price Edges Up, Though 2018 Outlook Cites Ample Supplies

Oil edged up on Monday, lifted by an ongoing North Sea pipeline outage and over signs that booming U.S. crude output growth may be slowing, although the outlook for oil markets cites ample supplies despite ongoing production cuts led by OPEC.

U.S. West Texas Intermediate (WTI) crude futures were at $57.39 a barrel at 0447 GMT, up 9 cents or 0.2 percent from their last settlement.

Brent crude futures, the international benchmark for oil prices, were at $63.37 a barrel, up 14 cents or 0.2 percent from their last close. Read More…

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