Crude oil prices edged higher on Monday, as investors were optimistic about the effectiveness of producer cuts spurred record bets on a sustained rally. However, the gains were limited due to growing U.S. output and high volume of stockpiles.
read more... 21/02/2017
Crude oil prices barely changed on Friday, caught between larger-than-anticipated U.S. crude inventories and reports that OPEC members may opt to extend by six-month an agreement to cut production.
read more... 20/02/2017
Crude oil prices posted a modest increase on Thursday, as growing U.S. stockpiles against possible renewed efforts by major oil producers to reduce the supply glut weighed on the market.
read more... 17/02/2017
Crude oil prices posted a slight decline on Wednesday in a volatile trade, dragged down by a record high in U.S. crude and gasoline stockpiles which fed concerns about a supply glut. However, the bearish inventories data were offset by evidence that OPEC and other producers were complying with agreed supply cuts.
read more... 16/02/2017
Crude oil prices rebounded on Tuesday, spurred by an OPEC-led effort to slash prices. However, this effort was undermined by rising production in the United States, which kept prices within the narrow range.
read more... 15/02/2017