By Srinivas Chowdary Sunkara // petrobazaar // 26th Sep, 2018.
Brent is trading down by 22 cents to $81.65 and U.S crude is slipped by 13 cents to $71.15 today at 16:24 IST from previous closing numbers. This week's news of oil prices reaching to four year's higher levels is bigger than any other news, Which kept an upward momentum for both the crude markers on Tuesday.
Traders are eyeing on Brent, Which is on course for fifth consecutive quarterly increase after crossing $82 mark. Donald's comments in U.N.Summit yesterday spurred additional uncertainty in the market as he requested OPEC for additional supplies to cap higher oil prices and he mentioned additional sanctions on Iran as it is creating uncertainty in middle east. OPEC + team is cool and calm to continue to produce the same quantity of oil. API reported a rise in U.S crude and gasoline stocks for the week ended 21st Sep. which could not influence the market. EIA weekly stock report is due today.
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