Sunday, September 6, 2026
Oil reverses gains and moves lower, despite signs of output cuts and demand hopes- oil and gas 360

Oil reverses gains and moves lower, despite signs of output cuts and demand hopes

CNBC Oil prices moves lower on Tuesday, despite signs that producers are cutting output as promised and on signs of increasing demand as more countries ease out of curbs imposed to counter the coronavirus pandemic.   The front-month contract for West Texas Intermediate crude, which is set to expire on Tuesday, fell 48 cents to trade at $31.34 per barrel. The