monthly oil market report

Oil Prices Slip As OPEC, IEA Data Underscores Crude Glut

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Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. International Brent crude futures LCOc1 traded at $45.13 per barrel at 0845 ET, down 70 cents from their last close. U. S. West Texas Intermediate (WTI) … Read more

Oil Prices Dip Awaiting OPECs Cut In Output

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Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their output. International Brent crude oil futures LCOc1 were trading at $45.74 per barrel at 0445 GMT, down 10 cents, or … Read more