Oil Dips From 2019 Highs as Rising U.S. Supply Erodes OPEC Cuts
Wednesday, 20 February 2019 09:18 WIB | ENERGY |MinyakWTIBrentOil,

Oil prices slipped from 2019 highs on Wednesday as soaring U.S. production and expectations of an economic slowdown undermined efforts led by producer club OPEC to cut supply to tighten global markets.

U.S. West Texas Intermediate (WTI) crude oil futures were at $55.84 per barrel at 0126 GMT, down 25 cents, or 0.5 percent, from their last settlement. WTI hit a 2019 high of $56.33 earlier this week.

International Brent crude futures were down 27 cents, or 0.4 percent, at $66.18 per barrel after hitting a 2019 high of $66.83 per barrel on Monday.

Source : Reuters

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