KONTAN.CO.ID - SINGAPORE. Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at US$60.40 a barrel at 0141 GMT, up 3 cents from their last close, and not far off the US$60.74 June 2015 high reached the previous day. Brent crude futures LCOc1 - the international benchmark for oil prices - were at US$66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.
Oil prices close to mid-2015 highs
KONTAN.CO.ID - SINGAPORE. Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at US$60.40 a barrel at 0141 GMT, up 3 cents from their last close, and not far off the US$60.74 June 2015 high reached the previous day. Brent crude futures LCOc1 - the international benchmark for oil prices - were at US$66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.