Oil prices hold steady as investors weigh rising supplies, demand outlook

Oil prices hold steady as investors weigh rising supplies, demand outlook

The Edge Markets - World·2021-04-09 15:04

SINGAPORE (April 9): Oil prices were little changed on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic.

Brent crude futures for June edged down 2 cents to $63.18 a barrel by 0450 GMT, while U.S. West Texas Intermediate (WTI) crude for May was at $59.70 a barrel, up 10 cents, or 0.2%.

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