Oil prices fell on Wednesday amid signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington’s push for tighter sanctions against Iran.
Source: www.cnbc.com
U.S. WTI and global benchmark Brent crude prices eased on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington’s push for tighter sanctions against Iran. As per a statement by the International Energy Agency released Tuesday, markets are adequately supplied and global spare production capacity remains at comfortable levels. WTI fell 0.6% to close at $65.93 per barrel while Brent fell 0.5% to $74.13 per barrel, at 0456 GMT on Wednesday.
