Oil prices fell on Wednesday, pressured by ambiguity over the outcome of an OPEC meeting at which an extension to its price-supporting oil production reductions will be discussed. Brent crude oil declined by 50 cents, or 0.8 percent, to $63.11 a barrel. U.S. crude was 69 cents, or 0.5 percent, lower at $57.30.
read more... 30/11/2017
Oil prices edged lower on Tuesday on predictions of higher output, although global markets were slightly better buyout by expectations an OPEC-led supply reduction would be prolonged. Brent crude futures settled 23 cents, or 0.4 percent, down at $63.61 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $57.99 a barrel, down 12 cents, or 0.2 percent, from their last settlement.
read more... 29/11/2017
Oil prices fell on Monday, decreasing from two-year peaks on the prospect of higher U.S. production, although global markets were slightly better buyout by predictions that an OPEC-led supply cut would be extended. Brent crude futures were almost unchanged from their last close, settling at $63.84 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $58.11 a barrel, down 84 cents, or 1.4 percent, from their last settlement.
read more... 28/11/2017
Oil prices hit a two-year peak on Thursday as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed to a tightening market, despite increasing production from U.S. producers. Brent crude settled 23 cents, or 0.4%, higher at $63.55 per barrel. West Texas Intermediate crude was up 53 cents, or 0.9%, at $58.55 per barrel
read more... 24/11/2017
Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.
read more... 21/11/2017