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Oil prices rise in anticipation of extended OPEC-led production cut

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Oil prices rise in anticipation of extended OPEC-led production cut

Oil prices rise in anticipation of extended OPEC-led production cut

SINGAPORE (May 25): Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this year.

Brent crude futures were trading at $54.40 per barrel at 0118 GMT, up 44 cents, or 0.82 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $51.76, up 40 cents, or 0.78 percent.

Both benchmarks have risen more than 16 percent from their May lows.

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Oil prices rise in anticipation of extended OPEC-led production cut

SINGAPORE (May 25): Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this year.

Brent crude futures were trading at $54.40 per barrel at 0118 GMT, up 44 cents, or 0.82 percent from their last

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U.S. West Texas Intermediate (WTI) crude futures were at $51.76, up 40 cents, or 0.78 percent.

Both benchmarks have risen more than 16 percent from their May lows.

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/2rWDn1I

(✿◠‿◠)✌ 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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