Oil Dips Amid Well-Supplied Market, Iran Sanction Waivers
Wednesday, 7 November 2018 14:19 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices dipped on Wednesday as rising output and U.S. sanction waivers that allow Iran's biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market.

Front-month Brent crude oil futures were at $71.99 per barrel at 0552 GMT, down 14 cents, or 0.2 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude was at $61.84, down 37 cents, or 0.6 percent.

Brent and WTI have slumped by 17.4 and 19.7 percent respectively from recent peaks touched in early October.

Source : Investing

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