Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market. Persistent gains in U.S. production also dragged on benchmark crude prices, traders said. Brent crude was trading at $49.27 per barrel at 0424 GMT, […]
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The Organisation of Petroleum Exporting Countries and 10 non-member countries on Thursday agreed to extend cuts in oil production by nine months to March 2018 in a bid to further stem the global glut of crude in the market and prop up prices. However, the deal failed to impress the market as the global oil […]
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Oil futures rose in early trading on Friday on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of gains. Brent crude was up 12 cents at $52.63 at 0006 GMT, after settling up half a percent on Thursday. […]
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