Oil dips on ample supply despite OPEC pledge to cut output

By Henning Gloystein. (Reuters) – Oil markets dipped on Friday, pulled down by high fuel inventories and improving industry efficiency, but were still on track for a solid weekly gain. Brent crude futures, the international benchmark for oil prices, were down 7 cents, or 0.1 percent, at $48.35 per barrel at 0443 GMT, but up 3.


Read all

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.