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breaking news Oil prices fall on us Debt uncertainty
Brent crude futures fell 5 cents, or 0.1%, to $78.31 a barrel at 0042 GMT. U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2%, to $74.18.
Oil prices fell early in Asian trading on Thursday after uncertainty that the United States will avoid a default against the prospect of further OPEC+ production cuts.
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Brent crude futures fell 5 cents, or 0.1%, to $78.31 a barrel at 0042 GMT. U.S. West Texas Intermediate (WTI) crude fell 16 cents, or 0.2%, to $74.18.
Progress has been made, but several issues remain unresolved in the U.S. debt ceiling negotiations, House Speaker Kevin McCarthy said Thursday as the deadline neared to raise the U.S. borrowing limit. federal government of $31.4 trillion or risk default.
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