Oil prices fall on prospect of rising supplies
Updated : June 13, 2018 09:10 AM IST
Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary production cuts led by producer cartel OPEC could be loosened.
Brent crude futures LCOc1, the international benchmark for oil prices, were at $75.49 per barrel at 0005 GMT, down 39 cents, or 0.5 percent, from the last close.
US West Texas Intermediate (WTI) crude futures CLc1 were at $65.92 a barrel, down 44 cents, or 0.7 percent from their last settlement.
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