Radiocor News

Brent futures dip to 4-momth low

Crude oil futures down 1.52% at 87.17 usd/barrel (Il Sole 24 Ore Radiocor) - London, 04 Jun - Brent futures were sharply lower as oil prices dipped to a 4-month low on prospexcts of rising supply amid signs of weakening US demand.

On OPEC+ agreed to extend official crude output cuts into 2025, but left room for voluntary cuts from eight members to be gradually unwound beginning in October.

At 1121 GMT, crude oil futures were down 1.52% at 87.17 dollars a barrel.

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(RADIOCOR) 04-06-24 13:37:04 (0361) 5 NNNN

 


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