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


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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