Fri, Oct 30, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil rebounds from three-month lows on renewed hopes for OPEC cut

Posted on 15 November 2016

Oil prices were largely steady on Monday, rebounding from three-month lows, on a report saying that OPEC members were seeking to resolve their differences on a deal to cut production ahead of a meeting later this month.
OPEC kingpin Saudi Arabia and fellow exporters Iran and Iraq have been at odds over how to rein in supply to reduce a glut in global markets. The lack of agreement within the Organization of the Petroleum Exporting Countries following a tentative deal in September has put pressure on benchmark prices……………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031