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Oil prices tick lower after Thursday's rally

Published 2016-08-12, 07:31 a/m
Updated 2016-08-12, 07:31 a/m

Investing.com - Oil prices ticked lower on Friday as markets took a breather after the prior day’s 4% rally, which took prices to three-week highs.
Prices rose after the Saudi oil minister indicated that producers could discuss action to stabilize output next month.
U.S. crude futures edged down to $43.45 at 06:55 ET. Brent crude futures were down 16 cents or 0.35% at $45.88.
Prices have remained largely flat in recent sessions with markets divided on what major producers, particularly within the Organization of the Petroleum Exporting Countries, would do to rebalance the oil market.

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