Oil little changed as supply concerns temper US winter output disruptions
Oil prices were little changed on Monday after climbing more than 2% in the previous session, as supply concerns kept a lid on benchmarks despite production disruptions in major U.S. crude-producing regions.
Brent crude futures fell 7 cents, or 0.1%, to $65.81 a barrel at 0221 GMT. U.S. West Texas Intermediate crude was at $61.01 a barrel, down 6 cents, or 0.1%.
Both benchmarks notched weekly gains of 2.7% to close on Friday at their highest points since January 14. A U.S. military aircraft carrier strike group and other assets are expected to arrive in the Middle East in the coming days.
Reuters
Oil prices were little changed on Monday after climbing more than 2% in the previous session, as supply concerns kept a lid on benchmarks despite production disruptions in major U.S. crude-producing regions.
Brent crude futures fell 7 cents, or 0.1%, to $65.81 a barrel at 0221 GMT. U.S. West Texas Intermediate crude was at $61.01 a barrel, down 6 cents, or 0.1%.
Both benchmarks notched weekly gains of 2.7% to close on Friday at their highest points since January 14. A U.S. military aircraft carrier strike group and other assets are expected to arrive in the Middle East in the coming days.
Reuters
Oil prices were little changed on Monday after climbing more than 2% in the previous session, as supply concerns kept a lid on benchmarks despite production disruptions in major U.S. crude-producing regions.
Brent crude futures fell 7 cents, or 0.1%, to $65.81 a barrel at 0221 GMT. U.S. West Texas Intermediate crude was at $61.01 a barrel, down 6 cents, or 0.1%.
Both benchmarks notched weekly gains of 2.7% to close on Friday at their highest points since January 14. A U.S. military aircraft carrier strike group and other assets are expected to arrive in the Middle East in the coming days.
Reuters
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Oil little changed as supply concerns temper US winter output disruptions
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