Crude oil prices posted a modest increase on Tuesday on news that OPEC and other exporters are lowering production being offset by signs that drilling and production in the U.S. are definitely on the rise. Increased drilling in the United States could curb oil prices.
read more... 25/01/2017
Crude oil prices lost 1 percent on Monday as signs of a strong rebound in U.S. drilling activity eclipsed news that OPEC and non-OPEC producers were likely to meet output reduction objectives.
read more... 24/01/2017
Oil prices jumped on Thursday, but increasing U.S. crude stockpiles limited the rally from a one-week low after the International Energy Agency mentioned that oil markets had been reducing even before cuts agreed by OPEC and other producers took effect.
read more... 20/01/2017
Oil prices decreased on Wednesday to their lowest level in a week, due to a strong dollar and prospects that U.S. producers would increase production, at the same time as OPEC's output was down from a record high. Brent has ended the session at $53.92 per barrel, down $1.55 or 2.79 percent, while U.S. crude settled at $51.08, down $1.40, or 2.67 percent. Before the settlement, both contracts dropped to their lowest level in a week.
read more... 19/01/2017
Crude oil prices posted minor changes on Tuesday as the U.S. dollar fell to a near six-week low and comments by Saudi Arabia stating it would join the OPEC’s commitment to slash output.
read more... 18/01/2017