Oil prices surged on Tuesday, buyout by expectations of an extension next week to OPEC production cuts, but were under pressure from signs of increased output in the United States.
read more... 22/11/2017
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
Oil prices recovered by over 2% on Friday as a major U.S. crude pipeline was shut, and traders anticipated an OPEC agreement to extend output cuts. Brent crude oil soared by $1.36, or 2.2 percent, to close at $62.72 a barrel, while U.S. West Texas Intermediate crude (WTI) settled at $1.41, or 2.6 percent, at $56.55 a barrel.
read more... 20/11/2017
Crude prices fell on Monday as the prospect of further increases in U.S. production undermined ongoing OPEC-led output reductions aimed at tightening the market.
read more... 14/11/2017
Crude prices fell slightly on Friday as anticipations that OPEC and other producers will extend their output reduction agreement were offset by U.S. drillers adding the most oil rigs in a week since June, indicating output will continue to increase.
read more... 13/11/2017