Oil stayed near a three-week low as investors assessed the muddy outlook
International oil prices lingered near a three-week low on Thursday as investors assessed a blend of factors including mixed US economic data, sanctions imposed on Venezuela and Iran by the US
International oil prices lingered near a three-week low on Thursday as investors assessed a blend of factors including mixed US economic data, sanctions imposed on Venezuela and Iran by the US, and a decline in tensions in the Middle East. Brent struggled for the second consecutive day, mirroring the lowest close since March 27.
Investors remain vigilant given the strong US dollar and cloudy fundamentals.
Brent futures decreased by 18 cents or 0.2% to settle at $87.11/barrel.
WTI increased by 4 cents or 0.1% to settle at $82.73/barrel.