Oil Slips as U.S. Crude Stocks Rise

17 Feb 2017   Prices

Crude futures eased on Friday, caught between larger-than-expected growth in U.S. crude stocks and reports that the Organization of the Petroleum Exporting Countries could consider extending its production cuts beyond the six-month deal. Brent crude, the global oil benchmark, fell 0.4% to $55.40 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.3% at…

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