UPSTREAMONLINE.COM
Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger US dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 3 cents, or 0.1%, at $50.76 at 5:51am GMT. That was just above the contract's 100-day moving average, briefly breached in the previous session. US West Texas Intermediate crude futures were down 1 cent at $47.58 a barrel.
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Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger US dollar and a drop in Chinese refining runs hit the market. Global benchmark Brent crude futures were up 3 cents, or 0.1%, at $50.76 at 5:51am GMT. That was just above the contract's 100-day moving average, briefly breached in the previous session. US West Texas Intermediate crude futures were down 1 cent at $47.58 a barrel.
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