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Oil prices waver amid production cut uncertainty

Xinhua, May 16, 2017 Adjust font size:

Oil prices fluctuated in a tight range Tuesday, although Kuwait joined top producers Saudi Arabia and Russia in supporting a supply cut extension until the end of March 2018.

The West Texas Intermediate for June delivery lost 0.19 U.S. dollar to settle at 48.66 dollars a barrel on the New York Mercantile Exchange, while Brent crude for July delivery erased 0.17 dollar to close at 51.65 dollars a barrel on the London ICE Futures Exchange. Enditem