Oil trades in tight range ahead of US election

Quick Summary:

SINGAPORE: Oil prices traded in a narrow range on Tuesday ahead of what is expected to be an exceptionally close U.S.presidential election, after rising more than 2% in the previous session as OPEC+ delayed plans to hike production in December.

Brent crude futures ticked down 3 cents, or 0.04%, to $75.05 a barrel by 0600 GMT, while U.S.

"Technically, crude oil needs to rebound above resistance at $71.50/72.50 to negate the downside risks," IG's Sycamore said, referring to WTI prices.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIraqMexicoSingapore

Topics: /Business/Business News Brent Crude Petroleum Opec WTI Oil Commodities

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:22:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23424582

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 51 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 22 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions