Crude Oil Climbed on Hopes that OPEC/Non-OPEC Cuts Would Extend

Posted September 12th, 2017 by KenBaehr1210 and filed in General News

Crude oil prices gained modestly as investors were gauging the impacts of the recent hurricanes on US oil production. Meanwhile, they were hopeful that the OPEC/non-OPEC output cut deal might extend beyond March 2018. The front-month WTI contract added +1.24% while the Brent contract climbed +0.11% higher. Precious metals slipped on profit-taking and eased geopolitical tensions.

More here:
Crude Oil Climbed on Hopes that OPEC/Non-OPEC Cuts Would Extend

Leave a Reply

You must be logged in to post a comment.