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Oil Prices Step Up As OPEC’s Supply Cut Grips Market

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Oil prices rose yesterday as markets tightened amid output cuts by producer club OPEC, but surging US supply and a global economic slowdown prevented crude from climbing further. US West Texas Intermediate (WTI) crude oil futures were at $57.45 per barrel up 23 cents, or 0.4 per cent, from their last settlement, while the International […]

 

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Oil Prices Rise As OPEC Supply Cut Grips MarketOil prices rose, yesterday, as markets tightened amid output cuts by producer club, OPEC, but surging US supply and a global economic slowdown prevented crude from climbing further. US West Texas Intermediate (WTI) crude oil futures were at $57.45 per barrel up 23 cents, or 0.4 per cent, from their last settlement, while the International […]
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