Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
Brent crude futures were up 22 cents, or 0.3%, at $74.87 a barrel by 0033 GMT. U.S. West Texas Intermediate crude were at $70.06, up 27 cents, or 0.3%.
U.S. markets will be closed on Tuesday for the nation’s Independence Day holiday. The oil benchmarks had settled down about 1% in the previous session.
CNBC
Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
Brent crude futures were up 22 cents, or 0.3%, at $74.87 a barrel by 0033 GMT. U.S. West Texas Intermediate crude were at $70.06, up 27 cents, or 0.3%.
U.S. markets will be closed on Tuesday for the nation’s Independence Day holiday. The oil benchmarks had settled down about 1% in the previous session.
CNBC
Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
Brent crude futures were up 22 cents, or 0.3%, at $74.87 a barrel by 0033 GMT. U.S. West Texas Intermediate crude were at $70.06, up 27 cents, or 0.3%.
U.S. markets will be closed on Tuesday for the nation’s Independence Day holiday. The oil benchmarks had settled down about 1% in the previous session.
CNBC
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Oil steady as markets weigh supply cuts against weak economic data
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Oil steady as markets weigh supply cuts against weak economic data
Oil prices held steady on Tuesday as markets weighed supply woes from cuts for August by top exporters Saudi Arabia and Russia against economic data that hinted at weak crude demand.
Brent crude futures were up 22 cents, or 0.3%, at $74.87 a barrel by 0033 GMT. U.S. West Texas Intermediate crude were at $70.06, up 27 cents, or 0.3%.
U.S. markets will be closed on Tuesday for the nation’s Independence Day holiday. The oil benchmarks had settled down about 1% in the previous session.
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