Oil prices were mainly flat in London trading Tuesday, one day after hitting a three-week low on data showing increased U.S. shale production and a decline in Chinese refinery demand. West Texas Intermediate crude futures oscillated around $47.64 a barrel on the New York Mercantile Exchange. “Shale is still rising strongly,” said Olivier Jakob, an oil analyst at Petromatrix. Investors are questioning whether WTI can “move above $50, with the capacity how it is in the U.S.,” he said. However, the market is relatively flat this morning because...To Read the Full Story Subscribe Sign In

Source: Wall Street Journal August 15, 2017 09:45 UTC