Oil prices firm on trade hopes, but record US output drags
Updated : February 22, 2019 02:24 PM IST
International Brent crude futures were at $67.18 per barrel at 0746 GMT, 11 cents above their last close, but below $67.38 per barrel reached earlier this week.
US West Texas Intermediate (WTI) crude oil futures were at $57.15 per barrel, up 19 cents, but below this week's $57.55 per barrel 2019 high.
Prices remained below 2019 peaks reached earlier this week as US crude oil production hit a record 12 million barrels per day (bpd) and its exports also surged.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more