Skip to main content

Oil prices rise on OPEC output cuts, as U.S. sanctions bite by commodityprofitplus.com

Visit Us-: http://www.commodityprofitplus.com/

Call & Whatsapp-:9760684329

By Henning Gloystein
SINGAPORE (Reuters) - Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over economic growth to keep markets in check.
U.S. West Texas Intermediate (WTI) crude oil futures were at $52.78 per barrel at 0329 GMT, up 37 cents, or 0.7 percent, from their last close.
The ongoing closure of parts of the Keystone pipeline that brings Canadian oil into the United States also helped prop up WTI, traders said.
International Brent Crude futures were up 50 cents, or 0.8 percent, at $62.01 per barrel.
Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and because of U.S. sanctions on Venezuela and Iran.
Labels:

Comments

Post a Comment

Popular posts from this blog

Gold Today Report Gold retreats from 1-month high as dollar firms,. Technical Lab 8650986510 www.mcxanalysis.com
Post a Comment
Read more

Honest Updates

Oil jumps after Saudis, Russia say supply cut to be extended to March 2018 Oil prices jumped on Monday after the energy ministers of top producers Saudi Arabia and Russia jointly said that an OPEC-led crude production cut would be extended from the middle of this year until March 2018. FOR JOINING OUR SERVICES LOG ON www.honestadvise.com OR CALL @7617537676
Post a Comment
Read more

Fox Premium Calls

Fox Premium Calls includes All Major Segments of Mcx Trading commodities: Gold, Silver Copper, Nickel, Lead, Zinc, Aluminium, Crude Oil & Natural Gas.Fox Premium Calls Services are Specially Designed For Brokers,High Volume Traders and People Seeking High and Quick Returns in Intraday Trading with Trust and Capital Safety.We Provide Combination of 3 services Bullion, BaseMetals & Energy will be covered in This Package.Daily 3 to 4Trading Tips will be provided Upto 98% Accuracy Level will be maintainedSingle Target & Singal Stoploss And Exit will be provided for All calls If Market is so Much Volatile.We are Providing Services in differernt Calls Ranges All the Calls Have Been Designed Considering the Needs of All Types of Clients Trading in the Diffrent Segment. All the Trades Would Strictly Be with stop-Loss. Clients Can Call Us Any Time to Get any information Regarding the Trades Via sms and Telephone.Traders Looking For Highly Profitable Market Have An Opportunity To Ea...
Post a Comment
Read more