Oil Steady on Expectation for Lower Output

2017-02-03

Analysts expect OPEC is complying with more than 80% of its targeted production cuts

Crude Oil: $53.54 per barrel, Natural gas: $3.187/MMBtu, Gold:$ 1216.70 per troy oz.


News:

Oil prices fluctuated between gains and losses on Friday, as investors hoped that the output cuts by major producers would continue to chip away at global oversupply.

Light, sweet crude for March delivery was recently up 3 cents, or 0.1%, at $53.57 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, was down 6 cents, or. Read more.


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