Oil prices ease on global trade frictions, but market remains tight
Updated : June 29, 2018 10:51 AM IST
Oil prices fell on Friday amid concerns about trade frictions between the United States and other major economies, although crude market conditions remain tight due to supply disruptions and generally high demand.
US West Texas Intermediate (WTI) crude futures CLc1 were at $73.06 a barrel at 0209 GMT, down 39 cents, or 0.5 percent from their last settlement. WTI on Thursday hit its highest since November 2014 at $74.03 per barrel.
Brent crude futures LCOc1 were at $77.54 per barrel, down 31 cents, or 0.4 percent from their last close.