17 June 2024
Pricewatch - US data deluge promises insight into crude price slippage
Publication date: 03 March 2017
Gas Strategies Group
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ISSN: 0964-8496
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Crude prices fell this week amid growing output and record high oil storage levels in the US and reports of sustained production in Russia despite the country having agreed to a cut.
ICE WTI front-month futures were trading around USD 52.65/barrel on Friday morning, down from a closing price of roughly USD 54/barrel a week ago.