Oil Falls After Trump Calls for Increased OPEC Supply - News Summed Up

Oil Falls After Trump Calls for Increased OPEC Supply


• U.S. crude-oil prices fell for the fourth time in five sessions Thursday, pulling back after President Trump resumed his calls for higher OPEC production and lower crude prices. • West Texas Intermediate futures, the U.S. oil benchmark, closed down 11 cents, or 0.1%, at $59.30 a barrel on the New York Mercantile Exchange, erasing much of their slide from earlier in the day. Prices have rebounded 31% so far this year following a fourth-quarter slide, though they are still 22% below their multiyear highs from early October...


Source: Wall Street Journal March 28, 2019 14:37 UTC



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