Commodities News

Oil remains weak after OPEC-led output cut extension falls below expectations

Oil remains weak after OPEC-led output cut extension falls below expectations

Oil markets remained weak on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs.

Oil prices rise as market expects extended production cut
Oil prices rise as market expects extended production cut

Oil prices rose on Wednesday, supported by increasing confidence that an OPEC-led production cut aimed at tightening the market would be extended through the rest of 2017 and the first quarter of next year.

Horoscope: By Peter Vidal

Today ( 30 May )This Week ( 28 May - 03 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more