Crude oil prices declined 3 percent on Wednesday after a record weekly increase in U.S. crude inventories triggered investors’ concerns about a global oversupply, after analysts estimated higher monthly OPEC crude production. U.S. West Texas Intermediate (WTI) crude lost $1.33, or 2.9 percent, to settle at $45.34 a barrel. It broke the $45 support earlier, plunging to a five-week low of $44.96. Brent eased $1.28, or 2.7 percent, to close at $46.86, after falling to $46.46, its lowest since September 28.
read more... 03/11/2016
Oil prices hit one-month lows on Monday after falling around 3 percent on uncertainties about OPEC's ability to implement its planned output reductions, with the market further influenced by expectations that the cartel had record production in October.
read more... 01/11/2016
Oil
Oil prices reduced on Friday on uncertainties about OPEC's planned production cut. Experts of Organization of the Petroleum Exporting Countries and counterparts from non-member producers such as Russia initiated two-day negotiations on Friday on curbing output to reduce a global glut that has influenced the markets for two years.
read more... 31/10/2016
Oil rose on Thursday, encouraged by a reported decline in U.S. crude inventories stored at the Cushing, Oklahoma, delivery hub, and as promises from Gulf OPEC members moderated lingering uncertainties in the market about support from other producers.
read more... 28/10/2016
Oil prices declined by approximately 2 percent on Wednesday on increasing doubts that OPEC will reduce output, giving back the gains they recuperated after the U.S. government announced an unexpected drawdown in crude inventories.
read more... 27/10/2016