Oil prices edge lower in wake of jump on OPEC+ supply restraint

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply. Brent crude was down by 3 cents at $81.83 a barrel by 0054 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil dropped 10 cents to $77.52, after gaining 2.3% the previous session.

from Commodities-Markets-Economic Times
Read The Rest:economictimes...