Tag: Brent trading prices
Oil prices go steady with trading Brent near $80 as US output hits record
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Oil prices steadied on Thursday, with Brent trading near $80 a barrel as higher inventories and record output in the United States overshadowed jitters over global trade disruptions in the Red Sea.
Brent crude futures rose 13 cents, or 0.1%, to $79.80 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude was 4 cents higher at $74.26.
“Oil concerns itself with the state of U.S. production this morning and enters the day less buoyant than that of late,” PVM Oil analyst John Evans said.
The U.S. Energy Information Administration (EIA) ... Read more