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2018-08-08 12:10:00

OIL PRICE: NOT ABOVE $75 YET

OIL PRICE: NOT ABOVE $75 YET

REUTERS - Oil prices dipped on Wednesday after China reported relatively weak import data, although the market remained well supported by falling U.S. crude inventories and the introduction of sanctions against Iran.

Front-month Brent crude oil futures LCOc1 were at $74.50 per barrel at 0651 GMT, down 15 cents, or 0.2 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $69.15 per barrel, down 2 cents.

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Tags: OIL, PRICE, BRENT, WTI,
Chronicle:
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