Oil prices were stable on Wednesday, supported by healthy economic growth and expectations that a weaker dollar could spur fuel demand.
Despite this, crude prices remain well below recent highs due to signs of lingering oversupply, including rising U.S. inventories and ample physical flows globally.
U.S. West Texas Intermediate (WTI) crude futures were at $59.17 a barrel at 0123 GMT, down 2 cents from their last settlement. WTI was trading above $65 in early February.
Brent crude futures were at $62.77 per barrel, up 5 cents from their last close. Brent was above $70 a barrel earlier this month. Read More…
Latest posts by ET Energy World (see all)
- Maharashtra CM to inaugurate three schemes of state power utility - October 15, 2018
- South Western Railway goes the solar way, 19 buildings get panels - October 15, 2018
- Demand For Green Buildings Growing In Andhra Pradesh, Says IGBC - October 14, 2018