Oil Shrugs Off OPEC Decision to Skip Curb as U.S. Output Shrinks

Oil Shrugs Off OPEC Decision to Skip Curb as U.S. Output Shrinks

June 3, 2016
|
0 Comments
|

By hellenicshippingnews Brent crude held near $50 a barrel as investors shrugged off OPEC’s decision to stick to its policy of unfettered output amid signs the global market is re-balancing. Futures fell 0.5 percent in London after closing above $50 for the first time in almost seven months. While members of the Organization of Petroleum Exporting Countries … Read full story ›

Source:: Hellenic shipping news Oil