View full page at forexfactory.com

 

Crude oil futures remain stable ahead of OPEC meeting

From platts.com

Crude oil futures were stable in mid-morning trade in Asia Friday ahead of OPEC Joint Monitoring Committee Meeting in Jeddah later Friday. At 10:30 am Singapore time (0230 GMT), June ICE Brent crude futures were up 10 cents/b (0.14%) from Thursday's settle at $73.88/b, while the NYMEX May light sweet crude contract was up 11 cents/b (0.16%) at $68.40/b. Geopolitical tensions and a larger-than-expected draw on US crude stocks helped push prices to fresh highs on Thursday. The NYMEX May WTI futures contract touched an intraday high of $69.35/b and June ICE Brent futures traded as high as $74.75/b on Thursday. Comments ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis