Friday, May 25, 2018

Oil prices ease after Russia says it may gradually raise output

By Henning Gloystein SINGAPORE (Reuters) - Oil prices eased on Friday as Russia hinted it may gradually increase output after withholding supplies since 2017 together with producer cartel OPEC. Brent crude futures were at $78.78 per barrel at 0024 GMT, down 1 cent from their last close, but more than 2 percent below the $80.50 November 2014 high they reached on May 17.

from Latest News Business on Firstpost https://ift.tt/2IJowob
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