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Opening PricesBRENT / WTI
Closing PricesBRENT / WTI
brent54.40dollars
per barrel
wti
wti51.46dollars
per barrel
brent54.46dollars
per barrel
wti
wti51.68dollars
per barrel

monthly
review

It was quite a month for January West Texas Intermediate Crude Oil futures in November. The markets were on a rollercoaster ride through the month, influenced by OPEC’s ability to carve out an agreement to cut and cap production. This lead the WTI to an intra-month low of $43.32 before November 30th surprise announcement by OPEC, carving out a 1.2m bpd cut in production from January 2017. This represents the Cartel’s first cut since 2008 and the first joint OPEC – Russia joint agreement to cut production since 2001...Read more

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Bob Mason

FXEmpire

brent
wti
Source:
Bloomberg
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