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Oil ticks up on weaker dollar, U.S. production outlook caps gains
January 18, 2017 by publisher · Leave a Comment
Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 16 cents at $52.64 per barrel at 0214 GMT. Brent crude futures, the international benchmark for oil prices, were up 21 cents $55.68 a barrel.
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Oil ticks up on weaker dollar, U.S. production outlook caps gains