Oil inches towards $54 a barrel

by | April 3, 2017 10:31 am



Oil price is inching towards the $54/bbl Monday as optimism spurred by OPEC’s output cuts confronts pessimism over rising US supply. According to according to OPEC’s Secretary-General Mohammad Barkindo, the cartel’s crude stockpiles are starting to decline in a sign that the production cuts implemented this year are bringing the market to balance and this has helped the price…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe