NOVEMBER 23,2019

OPEC + expected to extend production reduction of WTI crude oil to a two-month high

2019-11-23 13:49

OPEC + are likely to extend the production reduction, while the market is optimistic about the U.S. - China trade talks again. On Thursday (November 21), European and American crude oil futures continued to rise, and WTI crude oil rose to the highest level in two months. New York Mercantile Exchange West Texas light oil futures settled at $58.58 per barrel in January 2020, up $1.57/barrel, or 2.8% from the previous trading day, with a trading range of $56.6-58.67; London Intercontinental Exchange Brent crude oil settled at $63.97 per barrel in January 2020, up $1.57/barrel, or 2.5% from the previous trading day, with a trading range of $61.92-64.03/ Barrels.

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