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Friday, 6 January 2017

Oil prices dip on lingering doubts of supply cut commitments | Reuters

Oil prices dip on lingering doubts of supply cut commitments | Reuters:
"Oil prices dipped on Friday over lingering doubts that some producers might not implement announced production cuts in an attempt to curb global oversupply.

Brent crude futures, the benchmark for international oil prices, were trading at $56.76 per barrel at 0756 GMT, down 13 cents from their close the previous day.

In the United States, West Texas Intermediate (WTI) crude futures were at $53.65 a barrel, 11 cents below their last settlement.

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'via Blog this'