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Oil prices hold fast after 4% slump
June 13, 2019
Source: Reuters

Oil prices hold fast after 4% slump

Oil prices held fast on Thursday after the nearly catastrophic 4% drop on Wednesday, with a consistent rise in the US crude inventories and a weaker oil market. Benchmark Brent crude futures plunged to $59.97, before settling to $60.09/barrel, a gain of 0.2%. US WTI crude futures were priced 0.2% higher, at $51.26/barrel, recovering from $51.14. EIA data showed that US crude inventories gained 2.2 million barrels last week.

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