Oil Prices Edge Up Ahead Of Crude Inventory Reports

By Tsvetana Paraskova,OILPRICE – Jul 09, 2019, 11:00 AM CDTJoin Our Community

Oil prices were up early on Tuesday as market participants turned their attention to the tension around Iran and OPEC’s extended cuts, awaiting a busy week of reports and testimonies that could give them a clue about oil market fundamentals and a possible Fed rate cut as soon as later this month.

As of 09:40 a.m. EDT on Tuesday, WTI Crude was trading up 0.28 percent at $57.82, while Brent Crude was up 0.31 percent at $64.31, as demand continues to be a concern

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