6 months Oil dips on expectations of rising output, China stutter MB |Biz
By Reuters A stutter in China’s factory and servicing industries in April also weighed on crude prices, traders said, as it suggested Asia’s biggest economy is still struggling to regain traction. Brent crude futures were at $71.75 per barrel at 0131 GMT, down 29 cents, or 0.4 percent, from their last close. Oil platforms operated by Lukoil are seen at the Korchagina oilfield in the Caspian Sea, Russia October 17, 2018. (REUTERS/Maxim Shemetov / MANILA BULLETIN) US West Texas Intermediate (WTI) crude futures were at $63.35 per barrel, down 15 cents, or 0.2 percent from their previous settlement. Oil prices ... more