Brent crude
Upon this data, the US crude oil has recorded its deepest decline since 1983.
Brent crude was down 9 cents at $60.40 a barrel by 0919 GMT while West Texas Intermediate crude was up 29 cents at $56.07 a barrel.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 47 cents or 0.82% at $56.87 per barrel. WTI closed up 1.9% on Wednesday.
Brent crude futures rose $1.44, or 2.2%, to settle at $66.49 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $1.55, or 2.7%, to settle at $59.38 a barrel.
Brent crude futures were at $74.18 per barrel at 0848 GMT, down 33 cents from their last close.
Despite the move, spare capacity from other suppliers such as Saudi Arabia might be able to ensure oil markets cope with a cut in Iranian exports.
U.S. West Texas Intermediate (WTI) crude futures were at $63.71 per barrel, down 5 cents.
U.S. West Texas Intermediate (WTI) crude futures were at $63.71 per barrel, down 5 cents.
Brent futures were down 3 cents at $69.28 a barrel by 0603 GMT. Brent fell 6 cents on Wednesday, after touching $69.96, highest since Nov. 12, when it last traded above $70.
Brent futures gained 38 cents, or 0.55 percent, to $69.75 by 0900 GMT. They earlier reached $69.96 - the highest since Nov. 12, when they last traded above $70.
Oil prices edged up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC.
Brent crude oil futures LCOc1 were at $60.83 per barrel at 0748 GMT, 19 cents, or 0.3 percent above their last close.
International Brent crude futures LCOc1 were up 69 cents, or 1.2 percent, at $59.41 per barrel.
Outside the United States, production in Russia and Saudi Arabia also hit record levels this year.
Brent crude oil was down 70 cents, or 1.3 percent, at $53.77 a barrel by 0845 GMT. U.S. light crude oil was 50 cents lower at $45.72.
“$50 is a psychological support level (for Brent),” said Margaret Yang, a market analyst for CMC Markets in Singapore.
U.S. crude futures CLc1 and global benchmark Brent LCOc1 hit their lowest levels since 2017 during the session, putting both benchmarks on track for losses of about 40 percent in the fourth quarter.
Oil prices edged up on Monday after evidence that a recent fall to 15-month lows may be affecting output in the United States
Benchmark Brent crude oil was up 30 cents at $56.56 a barrel by 0840 GMT, after dropping 5.6 percent on Tuesday and at one point hitting a 14-month low.
International Brent crude oil futures LCOc1 were at $63.39 per barrel at 0747 GMT, up $86 per barrel, or 1.4 percent, from their last close.
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