In Friday trading, Brent was just below US$66 with WTI (West Texas Intermediate) holding above US$56 a barrel
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President Trump has not taken to twitter about the oil price since November, but recent strength is clearly annoying him.
The market is clearly feeling the pinch from OPEC’s 6-month production cut agreement with Saudi Arabia pumping below quota
The optimistic start to the week was short lived and in Friday trading, Brent was struggling close to US$62
Brent crude was down slightly and priced around US$61.
US shale production continues, crude inventories are down, and, there's question marks over demand growth.
The first two weeks of trading got off to a good start with projections for more sustained economic growth
2018 was a year that wouldn’t end fast enough for the crude market.
With just over two weeks left in the year, it looks like uncertainty will continue to rule the day.
OPEC decided last week to cut crude output in 2019.
The International Energy Agency says it expects non-OPEC supply to rise by 2.3 million barrels a day this year
In Friday trading, Brent crude was priced above US$72 with WTI (West Texas Intermediate) holding above US$63 a barrel.
The US is about to impose sanctions on Iran but Saudi Arabia reckons that, despite that, we are in danger of having to cope with a surplus of oil
In Friday trading, Brent crude was priced above US$79 with WTI close to US$71 a barrel
Heavy storm season is underway in the US and Hurricane Florence is threatening coastal states.
Brent was priced above US$76 per barrel as crude oil stocks fell to the lowest level since 2015,