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Oil prices firm on signs of U.S. production slowdown

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Oil prices firm on signs of U.S. production slowdown

Brent crude futures, the international benchmark for oil prices, were at $49.08 per barrel at 0126 GMT, up 17 cents, or 0.35 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $46.70 per barrel, up 16 cents, or 0.34 percent. Traders and analysts said the rising prices were a result of strong demand as well as signs that a relentless climb in U.S. oil production was slowing down.

Source:: https://finance.yahoo.com/news/oil-prices-firm-signs-u-014140917.html

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