Oil prices mixed amid storm-driven production cuts, rising COVID-19 cases
SINGAPORE: Crude oil prices were mixed on Monday, as traders weighed massive production cuts on the US Gulf Coast from tropical storms Marco and Laura against rising coronavirus cases in Asia and Europe.
Brent crude oil futures added 5 cents, or 0.1%, to $ 45.18 a barrel at 12:55 a.m. GMT, while U.S. West Texas Intermediate crude was down 9 cents, or 0 , 2%, at $ 42.53 per barrel.
“A jump last…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.