Oil parred loses after industry reports on US crude inventories
Oil parred loses after industry reports on US crude inventories
International benchmarks for crude oil parred some losses on Tuesday, 22 June 2021 after industry reports pointed to another potential large drop in US inventories. Both of the major contracts were falling earlier amid the concerns that OPEC+ will boost production output.
Brent fell 9 cents to $74.81/barrel.
WTI for July delivery, which expired on Tuesday, fell 60 cents to $73.06/barrel.