Singapore — Oil prices slipped on Tuesday for a second straight session as the negatives of a slowing global demand outlook outweighed the positives of Opec’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.
Brent futures were down 14c, or 0.2%, at $64.11 a barrel by 4.50am GMT. West Texas Intermediate oil futures were 13c, or 0.2%, lower to $58.89 a barrel. The benchmarks fell 0.2% and 0.3% respectively on Monday...
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.