Tokyo — Oil prices skidded on Thursday, dropping for the first time in six days, after the US Federal Reserve dampened hopes for a string of interest rate cuts and Sino-US talks ended without apparent progress towards resolving a bitter trade dispute.
Brent crude futures, the international benchmark, fell 62 cents, or 1%, to $64.43 a barrel by 4.05am GMT, having fallen more than $1 earlier in the session. US West Texas Intermediate (WTI) crude was down 67 cents, or 1.2%, at $57.91 a barrel, also having dropped more than a $1 earlier...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.