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Monday, 19 December 2016

Oil prices rise in anticipation of tighter 2017 market | Reuters

Oil prices rise in anticipation of tighter 2017 market | Reuters:
"Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude oil futures were up 43 cents, or 0.8 percent, at $52.33 a barrel."

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