Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.
International Brent crude futures were at $66.94 per barrel at 0151 GMT, down 13 cents, or 0.2 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude oil futures were at $56.86 per barrel, down 10 cents, or 0.2 percent, from their last settlement. Read More
Latest posts by ET Energy World (see all)
- Electric vehicles up to 67% less emission intensive than conventional cars - June 25, 2019
- India taking more U.S. coking coal, pushing out Australia: Xcoal - June 24, 2019
- Renewable Energy – Will this year’s Budget be green enough? - June 24, 2019