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Oil inches up in quiet holiday trade, focus on crude glut

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Oil inches up in quiet holiday trade, focus on crude glut

Oil inches up in quiet holiday trade, focus on crude glut

(May 30): Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC-led push to tighten supply.

Trading was subdued due to public holidays in China, the United States and Britain. The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.

Brent crude futures settled up 14 cents, or 0.2 percent, at $52.29 per barrel. Brent fell nearly 3 percent the previous week.

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Oil inches up in quiet holiday trade, focus on crude glut

(May 30): Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC-led push to tighten supply.

Trading was subdued due to public holidays in China, the United States and Britain. The market remains uncertain about whether the extension of output cuts by OPEC and other

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producing countries will be enough to support prices.

Brent crude futures settled up 14 cents, or 0.2 percent, at $52.29 per barrel. Brent fell nearly 3 percent the previous week.

Undefined


✍ Sumber Pautan : ☕ Top Stories

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2rPa6cU

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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