Oil prices pull back from multimonth highs
Wednesday, 20 March 2019 19:50 WIB | ENERGY |WTIMinyak WTI Berjangka

Oil futures pulled back Wednesday but held ground near multimonth highs hit this week amid expectations that major global producers outside the U.S. are expected to continue to keep a lid on output.

May Brent crude fell 21 cents, or 0.3%, to $67.40 a barrel on ICE Futures Europe. Its finish at $67.61 on Tuesday marked the highest for a front-month contract since November.

April West Texas Intermediate crude fell 52 cents, or 0.8%, at $58.51 on the New York Mercantile Exchange. It has lagged its international counterpart this week so far. The April WTI contract expires at the end of Wednesday™s session.

Source: marketwatch

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