Home / oil price / Oil price rally could be ‘running out of steam’

Oil price rally could be ‘running out of steam’

collected by :Jack Alex

follow the latest news and price to oil from different sites most famous technicals / by 2017-01-10 at 7:14

referring to

Oil price rally could be ‘running out of steam’

Oil price rally could be 'running out of steam'*/

– Fears Iraq will fails to meet its production cuts target saw the oil price lose four per cent by the end of New York trading on Monday.See related Will Brexit Britain endure an economic recession?Brent crude, the international benchmark, lost more than $2 a barrel to settle at less than $55.
.

read more from here

Oil price rally could be ‘running out of steam’

Oil price rally could be 'running out of steam'*/

– Fears Iraq will fails to meet its production cuts target saw the oil price lose four per cent by the end of New York trading on Monday.See related Will Brexit Britain endure an economic recession?Brent crude, the international benchmark, lost more than $2 a barrel to settle at less than $55.
.

read more from here

Oil price rally at risk of stalling as traders eye US shale and fret over OPEC

Oil price rally at risk of stalling as traders eye US shale and fret over OPEC*/

– The shale oil industry in the United States could undo the price hikes caused by the OPEC production cut.Jacob FordShare on twitter Karen Maley by There are growing concerns that the rally in the global oil market, which has seen prices hurtle to an 18-month high, could be stalling amid growing scepticism over as to whether major oil producers will achieve their ambition of bringing an end to the painful supply glut that has weighed on the market for the past two years.Oil enjoyed its biggest annual gain since the financial crisis in 2016 with the price of Brent, the global benchmark, rising 52 per cent, while US crude finished the year up 45 per cent.
.

read more from here

read more
visit us

oil price

About finance market

Avatar for finance market

Check Also

Nasdaq Stock Market : PRECIOUS Gold rises as oil price slump boosts safe haven demand picture-13272-300x165

Nasdaq Stock Market : PRECIOUS-Gold rises as oil price slump boosts safe haven demand

as declared in Spot gold rose 0.5 percent to $1,252.41 per ounce at 0812 GMT. …