Oil prices were little changed on Monday near multi-month lows, dragged down by worries about oversupply as OPEC saw record output last month and as the US rig count rose again.
London Brent crude for January delivery LCOc1 was trading up 4 cents at $44.79 a barrel by 0630 GMT, after settling down $1.09 on Friday. The benchmark on Friday hit its lowest since August 11 at $44.19.
NYMEX crude for December delivery CLc1 was down 4 cents at $43.37 a barrel. The contract closed down $1.25 on Friday after dropping as low as $43.03, its weakest since September 20.
GMT 21:50 2017 Friday ,03 November
Oil near 2-year highGMT 18:57 2017 Tuesday ,31 October
Oil prices stable as OPEC-led supply cuts tighten mkt, but some caution remainsGMT 21:01 2017 Wednesday ,25 October
Oil prices will stay lower for longer, banks warnGMT 22:53 2017 Monday ,23 October
Oil prices rise on tightening supply, strong demandGMT 15:36 2017 Wednesday ,18 October
US shale oil industry to see wave of investment, Total chief saysMaintained and developed by Arabs Today Group SAL.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©