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

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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 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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