Published December 26, 2018 Oil Reuters Facebook Twitter Comments Print video Oil prices will go up from here: Tortoise portfolio manager Tortoise portfolio manager Rob Thummel on the recent slide in oil prices and why he expects oil to make a comeback. Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market. Continue Reading Below U.S. West Texas Intermediate (WTI) crude futures, were up 13 cents, or 0.31 percent, at $42.66 per barrel, at 0748 GMT. Prices earlier rose as much as 2 percent. They slumped 6.7 percent in the previous session to $42.53 a barrel, the lowest since June 2017. Brent crude oil futures were down 29 cents, or 0.57 percent, at $50.18 a barrel and earlier fell to the lowest since July 2017. They skidded 6.2 percent in the previous session to $50.47 a barrel. “$50 is a psychological support level (for Brent),” said Margaret Yang, a market analyst for CMC Markets in Singapore. More Oil News Russia’s energy minister sees oil prices stabilizing in first-half 2019 Oil prices are getting scary: Former Shell oil… Read full this story
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