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Brent Oil - Brent oil down but WTI up, as investors assess OPEC’s move
Brent oil down but WTI up, as investors assess OPEC’s move
OPEC President Suhail Mohamed Al Mazrouei and OPEC Secretary General Mohammad Barkindo speak in Austria on Friday. U.S. and Brent oil prices were moving in opposite directions on Monday, amid some uncertainty in the wake of an agreement by the Organization ...
Oil drops after OPEC+ output deal, but markets to stay tight
LONDON (Reuters) - Brent crude oil fell 1 percent on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production. Despite the increase, which is intended to ...
Oil falls after Opec's plan to raise output, but markets to remain tight
Brent crude oil prices fell over 1.5 per cent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (Opec) in Vienna on Friday. Despite this, analysts said ...
Brent crude oil falls below $74 a barrel
Brent crude oil fell below the $74 a barrel mark on Monday after the Opec oil cartel agreed at the weekend to ramp up oil production by as much as 1m barrels a day in an effort to cool a rally in crude prices. The international benchmark was down 2.3 per ...
Brent-WTI oil benchmarks clash in aftermath of ambiguous OPEC pact
The world's two most important oil benchmarks are behaving very differently in the aftermath of OPEC's meeting in Vienna. Brent crude is being pared back by Saudi Arabia's pledge to boost output after an ambiguous OPEC pact and contradictory statements ...