Mon, Dec 31, 2018
Oil prices climbed on the last trading day of the year on Monday, taking a cue from firmer stock markets, but were on track for the first yearly decline in three years amid concerns of a persistent supply glut.
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Fri, Aug 24, 2018
Traders said the supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran, which will target oil exports from November.
Tue, May 09, 2017
Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.
Sun, Mar 26, 2017
OPEC and rival oil producers are meeting in Kuwait to review progress with their global pact to cut supplies.
Tue, Dec 13, 2016
Oil prices surged to an 18-month high on Monday after the world`s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury yields to a more than two-year peak.
Thu, Oct 20, 2016
The OPEC members are limiting the production after a long period of unrestrained ouptut.
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