EPA / WU HONG TeleTrader.com[10/4/17] 19:20:00
Crude prices traded in the red on Wednesday despite a fall of 6 million barrels in US oil stockpiles for last week reported by the EIA earlier today. Meanwhile, investors also digested Russian President Vladimir Putin's remarks on the possibility of a further extension of the output cut deal. Putin said that OPEC members and other major oil producers led by Russia will consider the extension of the deal but only in March 2018 after the arranged agreement expires.
West Texas Intermediate for November delivery lost almost 1%, shedding 0.99% to trade for $49.93 per barrel at 7:07 pm CET while the international benchmark for Brent for settlements in December declined 0.61%, changing hands for $55.66 per barrel at 7:08 pm CET.
TeleTrader Newsroom / VK |