Oil prices mixed ahead of US inventory data

Economies.com
2019-07-16 16:29PM UTC

Oil prices were slightly mixed on Tuesday as production activities resumed in the Gulf of Mexico following the tropical storm Barry peaceful passing in the region.

 

International oil companies have evacuated most of their oil and natural gas exploration and production facilities in the Gulf of Mexico due to workers' safety.

 

These include Exxon Mobil, BP and Chevron, all of which stopped production activities in the region.

 

The American Petroleum Institute will release later today unofficial data on US oil inventories, while the Energy Information Administration will release its official data tomorrow.

 

In terms of trade, by 16:13 GMT, West Texas fell by 0.2% to $59.4 per barrel, with a high of $60.06 and a low of $59.1.

 

Brent rose 0.1% to $66.5 per barrel, with the highest at $67.09 and the lowest at $66.2.

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