Oil bounces off 10-month lows; crude glut still weighs | Reuters - NEws Zaar

Thursday, 22 June 2017

Oil bounces off 10-month lows; crude glut still weighs | Reuters

Oil bounces off 10-month lows; crude glut still weighs | Reuters
Reuters

By David Gaffen | NEW YORK NEW YORK Oil rose on Thursday, a day after hitting 10-month lows, but market sentiment remained negative because the global crude glut has persisted despite OPEC-led output cuts.Brent crude futures LCOc1 ended 40 cents higher to $45.22 a barrel, after falling as low as $44.53. Brent fell 2.6 percent the previous session to $44.35, lowest since November.U.S. crude futures CLc1 ended up 21 cents a barrel at $42.74 a barrel.

The post Oil bounces off 10-month lows; crude glut still weighs
| Reuters
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