Oil slips on US growth worries, ample crude supply

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Home Business Oil slips on US growth worries, ample crude supply 13-06-2024 09:51 AM Ammon News - Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back a possible interest rate cut to December, while ample U.S. crude and fuel stocks also weighed on the market. Brent crude futures lost 23 cents, or 0.3%, to $82.37 a barrel, as of 0415 GMT, and U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to $78.30. Both benchmarks had gained about 0.8% in the previous session. Reuters

Home Business

Oil slips on US growth worries, ample crude supply

13-06-2024 09:51 AM

Ammon News - Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back a possible interest rate cut to December, while ample U.S. crude and fuel stocks also weighed on the market.

Brent crude futures lost 23 cents, or 0.3%, to $82.37 a barrel, as of 0415 GMT, and U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.3%, to $78.30. Both benchmarks had gained about 0.8% in the previous session.

Reuters

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