Oil prices slip towards 18-month lows ahead of New Year - Dealers Care

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Saturday, 29 December 2018

Oil prices slip towards 18-month lows ahead of New Year

By Noah Browning LONDON (Reuters) - Oil prices fell on Friday, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks moved back towards their lowest levels in more than a year. Brent crude oil fell 56 cents to a low of $51.60 a barrel before recovering some ground to trade around $52.05 by 1300 GMT, having earlier risen more than 3 percent. The futures contract dropped 4.2 percent on Thursday.

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