Oil Prices Ease as All Eyes on US Debt Ceiling Talks

Oil Prices Ease as All Eyes on US Debt Ceiling Talks
Oil pump jacks at the Vaca Muerta shale oil and gas deposit in the Patagonian Province of Neuquen, Argentina, on Jan. 21, 2019. Agustin Marcarian/Reuters
Reuters
Updated:
0:00

LONDON—Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand.

Brent crude futures dipped 37 cents, or 0.5 percent, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude dropped 34 cents, or 0.5 percent, to $72.49 a barrel.