Oil prices slipped on Monday in line with Friday decline due to potential 30-years highest rate of Russian oil production in the absence of confirmation that OPEC will extend output cuts until the end of 2017.
read more... 25/04/2017
Oil prices fell over 2 percent on Friday, marking the biggest weekly drop in over a month on rising proof that U.S. production and inventory growth were counterbalancing OPEC's efforts to limit the global crude glut. Brent futures settled down $1.03, or 2%, at $51.96 a barrel. U.S. crude futures ended the session down 2.2 %, or $1.09 at $49.62 a barrel.
read more... 24/04/2017
Oil prices slightly changed on Thursday in an oscillating trading session, as investors weighed rising U.S. output against comments from most important Gulf oil producers that an extension to OPEC-led supply cuts was likely. Total sold Glencore a cargo for loading at a discount of $1.00 a barrel.
read more... 21/04/2017
Crude oil recuperated earlier losses on Monday in passive trading, but signs that the United States is continuing to increase production offset strong economic growth in China and OPEC-led efforts to reduce output.
read more... 18/04/2017
Oil prices increased for a third day on Thursday to their peak in three weeks after Kuwait gave its backing for an extension of OPEC production reductions in an effort to limit global oversupply. Both Brent and U.S. crude hit their highest levels since March 9 on Thursday.
read more... 31/03/2017