U.S. oil edges up after tumbling to lowest since June 2017 on economy fears - News Summed Up

U.S. oil edges up after tumbling to lowest since June 2017 on economy fears


FILE PHOTO: A general view of the El Sharara oilfield, Libya December 3, 2014. REUTERS/Ismail Zitouny/File PhotoSEOUL - 26 December 2018: Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market.U.S. West Texas Intermediate (WTI) crude futures CLc1, were up 13 cents, or 0.31 percent, at $42.66 per barrel, at 0748 GMT. They slumped 6.7 percent in the previous session to $42.53 a barrel, the lowest since June 2017.Brent crude oil futures LCOc1 were down 29 cents, or 0.57 percent, at $50.18 a barrel and earlier fell to the lowest since July 2017. President Donald Trump said on Tuesday that a government shutdown could last until his demand for funds to build a U.S.-Mexico border is met.


Source: Egypt Today December 26, 2018 08:03 UTC



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