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Wednesday, 14 December 2016

Oil prices fall on rising US crude stocks, Opec output concerns | GulfNews.com

Oil prices fall on rising US crude stocks, Opec output concerns | GulfNews.com:
"Oil prices fell on Wednesday following a reported rise in US crude inventories and an estimate that Opec may have produced more crude in November than previously thought, potentially undermining a planned output cut.
US West Texas Intermediate (WTI) crude oil futures were down 69 cents, or 1.3 percent, to $52.29 a barrel at 0430 GMT (8.30am, Dubai).
International Brent crude futures were down 69 cents, or 1.2 percent, at $55.03 per barrel."

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