Oil prices ease after two days of strong rises

Dhaka,  Monday,   2016-09-23
Published : 23 Sep 2016, 11:11:27

Oil prices ease after two days of strong rises

Oil prices ease after two days of strong rises
Oil prices eased in Asian trading on Friday, pulled down by a technical sell-off following two sessions of strong rises and on caution ahead of meeting of OPEC ministers next week in Algeria to dicuss possible production cooperation.

US West Texas Intermediate (WTI) crude oil futures were trading at $45.90 per barrel at 0123 GMT, down 42 cents, or 0.91 per cent, from their previous close.

International Brent crude oil futures were down 33 cents, or 0.69 per cent, at $47.32 a barrel.

OPEC could see a new push to clinch a first deal to curb output since 2008 next week when Alergia plays hosts to oil ministers, according to a news agency.

-SRS-
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