MARKETS

Oil hits six-month low despite OPEC+ cuts

Oil prices fell on Thursday to six-month lows, despite OPEC+ pledging further supply cuts, as investors fretted about the prospects for energy demand in the US and China, while production from the US remained near record highs.

ENB Staff

Oil hits six-month low despite OPEC+ cuts

Brent crude futures dropped 25 cents to US$74.05 a barrel. US West Texas Intermediate crude futures fell 4 cents to US$69.34. Both benchmarks recorded their lowest prices since late June. It appears...

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