Gerald
11-27-17, 01:29 AM
SINGAPORE (Reuters) - U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut would be extended.U.S. West Texas Intermediate (WTI) crude futures were at $58.72 a barrel at 0608 GMT, down 23 cents, or 0.4 percent, from their last settlement. Brent crude futures LCOc1 were at $63.85 a barrel, virtually unchanged from their last close.
https://www.reuters.com/article/us-global-oil/u-s-oil-dips-on-increased-drilling-but-opec-cuts-support-global-markets-idUSKBN1DR02C?il=0
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https://www.reuters.com/article/us-global-oil/u-s-oil-dips-on-increased-drilling-but-opec-cuts-support-global-markets-idUSKBN1DR02C?il=0
The markets react!