- Oil prices ticked up Tuesday after losing steam again Monday, amid uncertainty on whether an OPEC-led production cut would be enough to move up a burgeoning crude supply glut and rebalance the market
Market news
11 December 2018
Oil prices ticked up Tuesday after losing steam again Monday, amid uncertainty on whether an OPEC-led production cut would be enough to move up a burgeoning crude supply glut and rebalance the market
Oil investors were weighing Tuesday the efficacy of a 1.2-million-barrel-a-day output cut announced by the Organization of the Petroleum Exporting Countries and its allies at the end of last week. The move, which is set to take effect in January, bolstered prices by as much as 5% Friday, but both benchmarks closed down roughly 3% Monday
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page