Crude oil on Wednesday held mostly steady as concerns about volatility in global markets offset an unexpected drop in US inventories. Brent crude futures edged down 11 cents to $66.75 a barrel by 0951 GMT, while US West Texas Intermediate (WTI) crude futures eased 12 cents to $63.27 a barrel.
Crude is struggling to extend last month’s largely dollar-driven gains on speculation that US output will impede efforts by the Organization of Petroleum Exporting Countries (OPEC) to drain a glut.
According to an online poll conducted by Business Standard, more than 55% people are of the opinion that crude oil prices will float between $60 to $70 per barrel in 2018. Read More…
Latest posts by Business-Standard.com (see all)
- After green bonds in Canada, Brookfield eyes renewable biz in India, Brazil - November 19, 2019
- Andhra scraps clean-energy projects, financiers threaten legal action - November 19, 2019
- Jammu and Kashmir: Train Services Resume After Three Months - November 19, 2019