WTI Crude
56.75
Brent Crude
63.15
Natural Gas
3.14

Oil dips on rising US crude inventories and production

Written & Published by Reuters via CNBC

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Oil markets dipped on Thursday, weighed down by rising U.S. crude inventories and production as well as a stronger dollar, which potentially hampers fuel consumption in countries that use other currencies at home. Brent crude futures, the international benchmark for oil prices,were at $56.13 a barrel at 0134 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $50.68 per barrel, down 1 cent from the last settlement. Traders said that a strengthening dollar had weighed on Brent while rising crude stocks and production in the United States had weighed on WTI.

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Written & Published by Reuters via CNBC

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