Crude Oil Prices Slipped on Higher US Output
MelodyWills0684The front-month WTI crude oil contract retreated, after rising to a 10-month high of US$ 55.22/bbl (just 2 cents shy of 2017-high of US$ 55.24/bbl) earlier in the day. Traders took the EIA inventory data as a reason for profit-taking. The WTI contract slipped -0.15% for the day. The corresponding Brent contract also dropped after soaring to the highest level in more than two years.
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Crude Oil Prices Slipped on Higher US Output
