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Opening PricesBRENT / WTI
Closing PricesBRENT / WTI
brent56.40dollars
per barrel
wti
wti54.33dollars
per barrel
brent56.58dollars
per barrel
wti
wti54.45dollars
per barrel

monthly
review

The month of January saw the beginning of the implementation of the OPEC deal between the oil producers to cut oil production as a means of increasing the falling oil prices. This was agreed among oil producers at the OPEC meeting last November, and we saw the oil prices consolidate and range for the whole of this month. Despite initial doubts, the implementation has been going on as per plan and the OPEC members have expressed happiness about it but the oil prices have not been able to breakout from its range as there are concerns about growing oil reserves from the North American countries that are not part of the pact...read more

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Colin First

FXEmpire

brent
wti
Source:
Bloomberg
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