US crude holds as Brent tilts lower

2019-07-11 17:27:10 GMT (Economies.com)
US crude holds as Brent tilts lower

Oil erased earlier gains and started to retreat despite the stability of the dollar index and the Gulf of Mexico storm concerns.

 

US authorities have decided to evacuate a number of crude mining rigs in the Gulf of Mexico because of a strong storm, which affects production.

 

OPEC reported a drop in its crude production by about 68,000 barrels to 29.8 million bpd last month compared to May.

 

As of 17:00 GMT, the dollar index (against a number of major currencies) stabilized at 97.08 points, reaching a high of 97.1 points and a low of 96.8 points.

 

In terms of trade, by 16:56 GMT, West Texas stabilized at $60.4 per barrel, and recorded a high of $60.9 and the lowest price at $60.2.

 

Brent fell 0.4% to $66.7 per barrel, with a high of $67.6 and a low of $66.7.

 
 
 
  Symbol Last Change Chg.%
1.1034
0.0001
0.0068%
1.2579
-0.0058
0.4586%
17.585
0.055
0.316%
54.255
-0.557
1.017%
59.98
-0.51
0.84%
1490.610
3.425
0.230%
 
 
Live Forex Updates