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Prices settles back after gains made over OPEC+ abiding to output cuts
Aug. 18, 2020
Source: Reuters

Prices settles back after gains made over OPEC+ abiding to output cuts

Oil prices clutched onto most of their overnight gains on Tuesday. Brent crude was down 18 cents, at $45.19 a barrel. U.S. WTI crude was down 26 cents, at $42.63 a barrel, having risen 2.1% in the previous session. Oil prices held onto most as the OPEC+ members were almost fully complying with agreed output cuts to support prices amid a drop in demand for fuels due to the pandemic.

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