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
Crude oil prices ended the Monday’s trade higher as Saudi Arabia's commitments to cutting production offset a report forecasting U.S. output would again increase this year. Benchmark Brent crude oil for March delivery rose by 41 cents a barrel, or 0.7 percent, to end at $55.86 and U.S. West Texas Intermediate crude added 27 cents, or 0.5 percent, to settle at $52.64 a barrel.
read more... 17/01/2017
Crude oil prices tumbled on Friday and closed the week 3 percent lower on prolonging doubts over the extent of OPEC reductions and after China, the world’s second largest oil consumer, reported the sharpest falls in overall exports since 2009.
read more... 16/01/2017
Crude oil prices boosted over 1 percent on Thursday on news that top crude producers, including Saudi Arabia and Russia, were reducing production to tackle a global crude oversupply and expectations for a record demand in China.
read more... 13/01/2017
Crude oil prices surged over 2.5 percent on Wednesday, posting their largest increase in more than a month, buoyed by weaker U.S. dollar aftermath a conference held by U.S. President-elect Donald Trump and o news that Saudi Arabia slashed exports to Asia.
read more... 12/01/2017