Oil Slips as Strong Supply Counters Middle East and Hurricane Risk

October 09, 2024, 08.13 PM | Source: Reuters
Oil Slips as Strong Supply Counters Middle East and Hurricane Risk

ILUSTRASI. Oil prices erased early gains on Wednesday as weak demand fundamentals and rising supply. REUTERS/Alexander Manzyuk

OIL PRICE - LONDON. Oil prices erased early gains on Wednesday as weak demand fundamentals and rising supply countered elevated risk of supply disruption from conflict in the Middle East and Hurricane Milton in the United States.

Brent crude futures were down 36 cents, or 0.47%, at $76.82 a barrel by 1103 GMT while U.S. West Texas Intermediate (WTI) futures lost 43 cents, or 0.58%, to $73.14.

Thanks for reading Kontan English.
Please create account or log in.

Only Rp5,000 to continue reading.

BUY NOW!
Editor: Herlina Kartika Dewi
Latest News