Oil prices run out of steam after six consecutive days of gains

World oil prices ran out of steam Friday after six days of gains, amid concerns about abundant global supplies, heightened by quota-breaking OPEC production.



West Texas Intermediate (WTI) for delivery in May sank 97 cents to close at $55.74 a barrel on the New York Mercantile Exchange.



Brent North Sea crude for June delivery, the global benchmark, settled at $63.45 a barrel in London trade, down 53 cents from Thursday’s closing level.



Real Time News & Trading Trends Keep Liking#EpicResearch



Facebook – Twitter – YouTube – Pinterest –Linkedin– Google+



For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH

Posted in: Indian Market Tips