Crude oil prices recover after OPEC oil output sinks to lowest
NEW DELHI : After recovering today, crude oil prices are likely to remain steady. Oil rates are supported by reports that production at the world’s largest oil producers fell during the third quarter.
December Brent crude futures rose 51 cents, or 0.86% to $59.76 a barrel by 0426 GMT, while U.S. West Texas Intermediate (WTI) crude for November was up 52 cents, or 0.96%, at $54.59 a barrel.
Brent has averaged $64.72 a barrel so far this year, while WTI has averaged $58.13, Reuters said.
