Crude oil prices closed the Friday’s session higher on evidence that OPEC members achieved more than 90 percent of output reductions under a landmark deal that took effect in January.
read more... 13/02/2017
Crude oil prices decreased by more than 1 percent on Tuesday and continued to tumble after settlement, dragged down by a massive increase in U.S. crude inventories. The strong recovery in U.S. shale production would complicate efforts by OPEC and other producers to cut the supply glut.
read more... 08/02/2017
Crude oil prices tumbled on Monday as robust U.S. supplies and excess speculative length offset OPEC output reductions and mounting tensions between the United States and Iran.
read more... 07/02/2017
Crude oil prices retired on Friday, prolonging losses after figures indicated drilling is increasing in the United States, triggering investor concern about how effective OPEC and other producers will be at supporting prices by reducing supplies.
read more... 30/01/2017
Crude oil prices tumbled less than 1 percent on Wednesday on figures showing an increase in U.S. crude stockpiles, reinforcing the view that oil prices are moving within a relatively tight range, spurred by expected OPEC production cuts, while dragged down by growing U.S. output.
read more... 26/01/2017