• Oil fell slightly

Market news

27 September 2016

Oil fell slightly

This morning New York futures for Brent have fallen in price by -0.56% to $ 47.66 and crude oil futures WTI down 0.37% to $ 45.76 per barrel. Thus, the black gold is trading in negative territory correcting after yesterday's sharp 3% rise. The world's leading oil producers meet in Algiers for a three-day meeting, which can lead to reduction or freezing of production in order to maintain prices. Nevertheless, market participants rather skeptical about the agreement they reach.

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