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Commodities Briefing - Categorized | Oil, Price Watch more

Oil Prices Firm Ahead of Expected Production Cut

Posted on 25 November 2016

Analysts expect swift fall in prices if no deal reached. Oil futures were slightly lower on Thursday, with all eyes on the coming Organization of the Petroleum Exporting Countries meeting next week, where a deal to cut output is expected.
Brent crude, the global oil benchmark, was down 0.10% to $48.90 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading 0.06% lower at $47.92 a barrel………………………………….Full Article: Source


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