9/17/2019, 6:44 AM (Source: TeleTrader)
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Oil trades lower after biggest surge in decade

Crude prices retreated on Tuesday but held onto strong gains sparked by this weekend's attack on Saudi Aramco's oil facilities.

The coordinated drone attacks shocked markets, with international benchmark Brent surging nearly 20% and US benchmark West Texas Intermediate jumping over 15%, its biggest climb since 2008.

Brent for November settlements lost 1.06% to $68.26 per barrel at 12:32 am ET, while WTI for settlements next month fell 1.29% to $61.99 a barrel.

Breaking the News / JC