NIFTY 50
Powered by:

Oil prices hover near January lows amid surging supply, economic slowdown

Updated : June 06, 2019 08:51 AM IST

Front-month Brent crude futures were at $60.78 at 0246 GMT. That was 15 cents, or 0.3 percent, above last session's close.
US West Texas Intermediate (WTI) crude futures were at $51.84 per barrel, 16 cents, or 0.3 percent, above their last settlement.
Brent and WTI on Wednesday hit their lowest levels since mid-January at $59.45 and $50.60 per barrel, respectively, amid a surge in US crude inventories and record production, and as a global economic slowdown was starting to hit energy demand.
primo org
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.
cnbc two logos
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

You May Also Like

Live TV