Crude oil prices fell on Wednesday as record-high U.S. crude stocks lessened expectations that the market will re-equilibrate as evidence emerges that OPEC producers are complying with an agreement to slash production.
read more... 02/03/2017
Crude oil prices lost ground on Tuesday, but continued to trade in a tight range, as concerns about swelling U.S. crude stockpiles eclipsed OPEC production reductions. U.S. crude stockpiles have boosted for seven straight weeks. Forecasts for another weekly build of 3.1 million barrels fueled worries that demand growth may not be enough to absorb the oversupply.
read more... 01/03/2017
Crude oil prices posted minor changes on Monday as the prospect for the U.S. crude production to continue increasing outweighed reports of high compliance to the OPEC production cut agreement.
read more... 28/02/2017
Crude oil prices fell on Friday as market returned to volatility last week as rising U.S. production continues to weigh on OPEC's efforts to reduce supply.
read more... 27/02/2017
Crude oil climbed on Tuesday, but gains were pared after the U.S. government figures indicated a seventh consecutive increase in crude inventories, undermining OPEC’s initiative to cut output.
read more... 24/02/2017