Oil retreats after failing to hit $70 a barrel

3/22/2018

The confident mood in the oil market has been tempered by U.S. crude production, which climbed to a record 10.4 million bpd last week. U.S. output exceeded Saudi Arabia’s and is closing in on Russia’s 11 million bpd. WTI Crude is $64.86; Brent is $69.09 this morning.

Source: Reuters.com - By: Tom Balmforth - Image: Andrew Cullen

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