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Daily (09.01.2017): US crude increased slightly to settle at $53.99, as traders parse signs OPEC is reducing production
Oil traded higher on Friday since investors acquired futures before the weekend, but a strong U.S. dollar limited gains, as did lasting uncertainties about whether all OPEC producers would reduce output according to the agreement.
read more... 09/01/2017
Daily (06.01.2017): Oil settles higher as Saudi production cuts counterbalance U.S. products build
Oil prices rose on Thursday in an up-and-down session, boosted by news that Saudi Arabia had limited production to meet OPEC's pact after data have shown a significant rise in U.S. gasoline and distillate inventories.
read more... 06/01/2017
Daily (03.01.2017): Brent posts a 52% annual increase
Crude oil prices ended with modest losses in the final trading session of 2016 on Friday, but posted the largest annual gain since 2009 after the landmark deal reached by OPEC and several non-OPEC members to slash output.
read more... 03/01/2017
Daily (29.12.2016): Crude oil prices close to their highest levels since mid-2015
Crude oil prices rebounded for a fourth consecutive day on Wednesday, close to their highest levels since mid-2015, ahead of the publication of U.S. oil stockpiles figures and as the market awaits evidence of OPEC supply cuts in the new year. U.S. WTI crude oil futures rose by 16 cents to close at $54.06 a barrel, not far from the year's high of $54.51 hit on December 12. Brent crude futures gained 13 cents to close at $56.22 a barrel. The international benchmark reached $57.89 on December 12, its highest since level July 2015.
read more... 29/12/2016
Daily (28.12.2016): Oil prolongs longest run of gains since August before Opec reductions
Oil prolonged the longest winning streak in more than four months before Opec and other producing nations begin cutting production to stabilise the market.
read more... 28/12/2016