Oil slips awaiting OPEC+ response to U.S.-led crude release
Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand.
U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at 0201 GMT, extending an 11 cent loss on Wednesday.
Brent crude futures slipped 5 cents to $82.20 a barrel, after losing 6 cents on Wednesday.
IEA chief criticizes artificial tightness in energy markets, says some failed to help cool prices
The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful position to calm soaring oil and gas prices, criticizing “artificial tightness” in energy markets.
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