Oil Prices Fall, Shrugging Off Potential New Output Cuts

Market awaits monthly reports from OPEC and IEA

Crude Oil: $44.58 barrel, Natural gas: $2.925/MMBtu, Gold:$ 1213.80 per troy oz


News:

Oil prices pulled back Tuesday morning, despite ongoing talk of possible production curbs in Libya and Nigeria and news of shrinking U.S. stockpiles.

Brent crude, the global benchmark, fell 0.5%, to $46.63 a barrel, in London midmorning trading. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.5%, at…Read more.

Resource: WSJ


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