NEWS UPDATE
Oil markets opened cautiously on Thursday ahead of the outcome of an OPEC meeting in Vienna later in the day, with members set to debate the path for an extension of the group's supply-cut agreement. The Organization of the Petroleum Exporting Countries (OPEC) will be meeting at its headquarters in the Austrian capital, along with ministers from other oil producing countries, most importantly Russia. U.S. West Texas Intermediate (WTI) crude futures were at $57.33 a barrel at 0108 GMT, virtually unchanged from their last settlement. Brent Crude futures, the international benchmark for oil prices, had not traded at that time. While there has not been an official statement, OPEC and Russia seem set to prolong oil supply cuts, which came into place last January and are currently scheduled to expire next March, until the end of 2018. There may be a review of the deal in June, should the market overheat amid healthy demand and ongoing supply restraint.
TIME CURRENCY PARTICULAR FORECAST PREVIOUS ALL DAY ALL OPEC Meetings - -
For Getting Trial Click On Below Link
Oil markets opened cautiously on Thursday ahead of the outcome of an OPEC meeting in Vienna later in the day, with members set to debate the path for an extension of the group's supply-cut agreement. The Organization of the Petroleum Exporting Countries (OPEC) will be meeting at its headquarters in the Austrian capital, along with ministers from other oil producing countries, most importantly Russia. U.S. West Texas Intermediate (WTI) crude futures were at $57.33 a barrel at 0108 GMT, virtually unchanged from their last settlement. Brent Crude futures, the international benchmark for oil prices, had not traded at that time. While there has not been an official statement, OPEC and Russia seem set to prolong oil supply cuts, which came into place last January and are currently scheduled to expire next March, until the end of 2018. There may be a review of the deal in June, should the market overheat amid healthy demand and ongoing supply restraint.
TIME CURRENCY PARTICULAR FORECAST PREVIOUS ALL DAY ALL OPEC Meetings - -
For Getting Trial Click On Below Link
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