Oil Caught Between Pillar & Post As U.S. Output Hits Record

Oil prices were caught between opposing forces on Thursday, squeezed by record U.S. crude oil output and surging stockpiles, but supported by global market tensions as all exemptions to U.S. sanctions on Iran expired, Venezuela’s crisis escalated, and producer club OPEC withheld supply. Spot Brent crude oil futures were at $72.15 per barrel at 0142 GMT, 4 cents below their last close. U.S. West Texas Intermediate (WTI) crude futures were virtually unchanged from their last settlement, at $63.58 per barrel. https://www.dollaradvisory.com/index.php/welcome/freetrial and Call : +91 9111-179961