U.S. oil benchmark ends lower ahead of inventory data
Wednesday, 23 May 2018 03:16 WIB |
ENERGY |Minyak WTIMinyak jenis Brent
Oil prices took a split path Tuesday, with the global benchmark scoring a fresh 3½-year high while the U.S. benchmark edged lower, with traders weighing the potential influence of developments tied to Iran and Venezuela against the prospects for domestic crude production.
Natural-gas futures rallied to their highest finish since January, ahead of the start of the summer cooling season.
June West Texas Intermediate crude on the New York Mercantile Exchange fell 11 cents, or nearly 0.2%, to settle at $72.13 a barrel. The contract, which expired at the day™s settlement, ended at $72.24 a barrel on Monday to mark the highest finish for a front-month contract since Nov. 26, 2014. July WTI crude which is now the front month, added 15 cents, or 0.2%, to $72.20.