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USA light crude oil was $1.81 higher at $47.69 a barrel

The bullish inventories report, came a day after crude prices dropped 1%, after EIA raised its near-term outlook for USA oil production and revised down its projections for oil prices. USA light crude oil was $1.81 higher at $47.69 a barrel. Oil prices rose on Thursday, and Brent was firmly …

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Iran sees $55 per barrel as a suitable price for crude oil

oil price

“The price range of $55 per barrel would be suitable for oil,” Zanganeh said, according to the oil ministry’s news website SHANA. “I think non-OPEC oil producers will also second (an) extension of the plan,” said Zanganeh, speaking on the sidelines of an energy fair in Tehran. REUTERS/Raheb Homavandi/File PhotoDUBAI …

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U.S. crude futures ended at $49.62 a barrel, down 2.2 percent

But oil prices have waned whenever supply worries re-emerge. Saudi Arabia’s energy minister Khalid al-Falih, speaking at a conference in Abu Dhabi, suggested there are behind the scenes negotiations among oil producers ahead of OPEC’s May meeting, according to the Wall Street Journal. There was a misperception out there that …

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Is oil price heading back below $50?

collected by :Jack Alex follow the latest news and price to oil from different sites most famous technicals / by 2017-01-11 at 8:22 as declared in Is oil price heading back below $50? */ – . read more from here Minister predicts Brent crude oil price about $60-65 per barrel …

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