Markets » Commodities

Last Updated: Mon, Jan 16 2017 | 4:18 PM |
Oil prices edge up on reports of Saudi supply cuts

Oil prices edge up on reports of Saudi supply cuts

Prices for Brent crude futures, the international benchmark for oil prices, were trading at $53.75 per barrel, up 11 cents from their last close

Oil markets torn between Saudi led supply cuts, rising output elsewhere

Prices for Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $54.99 per barrel, up 5 cents from their last close

Oil in 2017 seen capped below $60/barrel by strong dollar, US shale

An acceleration in the market rebalancing could be achieved and the process could be completed by mid-2017 if the oil producers group sticks to the terms of the historic OPEC agreement

Oil prices soar close to $60 following global producers' deal to cut crude output

Brent crude, the international benchmark for oil prices, soared to $57.89 per barrel in overnight trading between Sunday and Monday, the highest level since July 2015.

Commodities

Commodity   Value
(USD $)
Price
Change
GOLD 1,203.55 5.54
SILVER 16.86 -0.03
PLATINUM 988.00 -5.20
PALLADIUM 747.00 -5.22
ICE BRENT CRUDE 55.57 -0.44

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