crude prices rise on new york mercantile exchange
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Crude prices rise on New York Mercantile Exchange

Arab Today, arab today

Arab Today, arab today Crude prices rise on New York Mercantile Exchange

Crude prices rise on New York Mercantile Exchange
New York - MENA

Oil prices rose on Friday as investors digested news that major producers could cooperate on production cuts to alleviate the global glut of crude, the Market Watch reported.

On the New York Mercantile Exchange, West Texas Intermediate futures CLH6, +3.07% were trading up 0.9% at $33.53 a barrel. Brent is on track to rise by almost 10% for the week, while WTI is up around 4%.

OPEC has traditionally regulated its output to support prices. However, in the past two years, the group has reversed that tactic by letting production run freely to defend their market share in the face of stiffer competition from Russia, the U.S. and other non-OPEC players.

So far there have been few signs that OPEC could reverse that policy. In December, the organization ended a contentious meeting without any agreement to restrain production, leaving members to continue pumping crude at near-record levels into an already oversupplied market.
 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

crude prices rise on new york mercantile exchange crude prices rise on new york mercantile exchange

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

crude prices rise on new york mercantile exchange crude prices rise on new york mercantile exchange

 



GMT 21:52 2017 Thursday ,19 October

Israeli forces arrest 7 Palestinians in West Bank

GMT 15:41 2017 Wednesday ,04 October

Putin warns against double standards in war on terror

GMT 23:42 2017 Monday ,18 September

Mattis 'shocked' by low level of US military readiness

GMT 17:36 2017 Saturday ,14 October

What's at stake for business in Iran's nuclear deal

GMT 14:14 2017 Saturday ,11 February

Ghada Adel praises participation with Adel Imam

GMT 21:00 2017 Thursday ,05 October

Scores of settlers storm into Al Aqsa

GMT 11:56 2017 Wednesday ,29 November

Iraqis throng to Picasso in Baghdad

GMT 05:43 2018 Wednesday ,12 September

"Ala" Syria determined to liberate Idleb from terrorism

GMT 19:47 2018 Thursday ,18 January

Sultan Al Qasimi launches Sharjah real estate projects

GMT 10:58 2017 Thursday ,20 April

Kabbara meets Saudi counterpart, IMO chief in Cairo

GMT 00:10 2017 Tuesday ,10 October

Turkey calls for new round of Syria talks in Geneva

GMT 00:29 2017 Tuesday ,24 October

HM King congratulates UN secretary-general

GMT 10:42 2017 Monday ,22 May

Egypt refers 48 IS suspects to military court
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday