Fri, Jan 21, 2022
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil-Price Rally Undercut by Supply Data

Posted on 17 November 2016

Russian energy minister’s comments boost crude, but prices are dragged down by growing stockpiles. Crude oil settled lower after flipping between gains and losses Wednesday, as renewed optimism that major oil producers could agree to scale back production competed with data showing that crude supplies are still swelling.
Prices began to move higher Wednesday afternoon after Russian Energy Minister Alexander Novak told reporters at a Moscow energy forum that Russia would “support any decision” adopted by the Organization of the Petroleum Exporting Countries, according to media reports………………………………………..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
January 2022
S M T W T F S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031