prices

OPEC could accidentally sink oil prices
Newsprices

OPEC could accidentally sink oil prices

OPEC members have lifted oil prices by cutting production since January 2017. Production cuts are widely expected to extend beyond 2018, when the current deal expires. But if OPEC members end up throwing out the deal without warning, it could send prices spiraling downward.  The global cartel that's aimed at propping up oil prices could…

Newsprices

Oil prices climb ahead of OPEC meeting with U.S. shale firms

SEOUL (Reuters) - Oil prices rose early on Monday ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut. FILE PHOTO: A general a view of Badra oil field in Kut province, Iraq December 6, 2017. REUTERS/Olesya Astakhova…

Forecasts for Oil Prices Rise for Fifth-Straight Month
Newsprices

Forecasts for Oil Prices Rise for Fifth-Straight Month

LONDON—Banks raised their forecasts for oil prices for the fifth month in a row in February, signaling continued confidence that prices will continue to recover as the global supply glut drains due to production cuts. Brent crude—the global benchmark—is now expected to average $

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