Crude oil prices evolved differently on Monday, with Brent gaining ground and WTI crude falling slightly on reports that Iraq would participate in output reduction if OPEC extended oil production cuts into the second half of the year.
read more... 07/03/2017
Crude oil prices rallied on Friday, spurred by a lower dollar, but investors remained cautious after Russian output data showed weak compliance with a global deal to slash production.
read more... 06/03/2017
Crude oil prices fell over 2% on Thursday after Russian crude output remained unchanged in February at 11.11 million barrels per day (bpd).
read more... 03/03/2017
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