Oil prices ticked up Wednesday morning, as the market consolidated steep losses of recent days and looked to a potential OPEC supply cut next weekend

Market news

7 November 2018

Oil prices ticked up Wednesday morning, as the market consolidated steep losses of recent days and looked to a potential OPEC supply cut next weekend

Brent, the global oil benchmark, was trading up 1.5% at $73.21 a barrel midmorning on London's Intercontinental Exchange.
West Texas Intermediate futures, the U.S. oil standard, were trading up 1% at $62.83 a barrel on the New York Mercantile Exchange.

Company News: Twenty-First Century Fox Inc (FOXA) posts quarterly financials in line with analysts' estimates

The yield on the U.S 10-year Treasury note fell 1.6 basis points to 3.196%, while the 2-year Treasury yield advanced by 1.2 basis points to 2.932%. The yield on the 30-year Treasury bond lost 1.9 basis points to 3.409%

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