Oil Prices Slip on Concern That U.S. and Russia Could Increase Output - News Summed Up

Oil Prices Slip on Concern That U.S. and Russia Could Increase Output


—Oil prices declined Monday on investors’ concerns that the U.S. and Russia—two of the world’s top oil producers—could each increase output and beef up recently-tightening global supplies. —West Texas Intermediate futures, the U.S. oil benchmark, fell 0.5% to $63.56 a barrel on the New York Mercantile Exchange. Prices hit a five-month closing high of $64.61 a barrel last Wednesday.


Source: Wall Street Journal April 15, 2019 15:00 UTC



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