Oil prices slightly grew on Friday, boosted by the news about lower U.S. crude inventories and traders’ hope that the global supply glut can be reduced by continued OPEC-led production cuts.
read more... 15/05/2017
Oil prices grew by around 1%, extending Wednesday's 3% gains, boosted by the news about a huge drop in the U.S. inventories and 2 countries’ decision to support extension to OPEC supply cuts.
read more... 12/05/2017
Oil prices surged by more than 3% on Wednesday, boosted by the biggest one-week slump in U.S. inventories so far in 2017, and after Iraq and Algeria joined Saudi Arabia in sustaining an extension to OPEC supply cuts.
read more... 11/05/2017
Oil prices declined, influenced by worries over reducing demand, a rising US dollar and a higher US crude production that has shaken investors' faith in the ability of OPEC to rebalance the market.
read more... 10/05/2017
Oil prices increased on anticipations that an OPEC-led pledge to reduce production would be protracted beyond the first half of the year and into 2018, even though global supply still influenced the markets. Brent crude closed 24 cents up, or around 0.5 percent, at $49.34 per barrel.
read more... 09/05/2017