Motilal Oswal
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Motilal Oswal
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Oil prices fall on rising US rig count, Illinois refinery outage

Updated : February 11, 2019 01:53 PM IST

US West Texas Intermediate (WTI) crude futures were at $52.17 per barrel at 0750 GMT, down 55 cents, or 1 percent, from their last settlement.
International Brent crude oil futures were down 27 cents, or 0.4 percent, at $61.83 a barrel.
WTI prices were also weighed down by the closure of a 120,000 barrels per day (bpd) crude distillation unit (CDU) at Phillips 66’s Wood River, Illinois, refinery following a fire on Sunday.
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