Oil Slips Ahead of U.S. Rig Count

2017-01-27

Steady rise since summer softened by signs OPEC and other producers will follow output agreement

Crude Oil: $53.78 per barrel, Natural gas: $3.382/MMBtu, Gold:$1189.50. per troy oz.


News:

Oil futures eased on Friday, remaining caught between rising U.S. output and signs that major producers are honoring a commitment to cut production starting this month.

Brent crude, the global oil benchmark, fell 1.1% to $55.89 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were..Read more.

Resource: WSJ