Oil prices were down in early trade on Wednesday, extending several days of losses amid uncertainty over how much supply producing countries will push to restore to the market at the OPEC+ meeting this week as the coronavirus pandemic continues to affect most countries.
US West Texas Intermediate (WTI) crude futures fell 18 cents, or 0.3%, to $59.57 a barrel by 0122 GMT, down 6% since Feb. 25, when they hit their highest close since May 2019.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
