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Oil prices were stable early on Tuesday, with Brent at $60.78 a barrel and WTI at $54.05, both close to their highest levels since mid-2015 and February respectively. Analysts were cautious after several strong sessions, citing overbought technical indicators and rising US shale output of about 9.5 million bpd.
Routine price commentary with no new supply shock; the market remains supported by OPEC-led cuts but capped by US shale growth, so near-term energy cost pressure for feed users is little changed.
arabnews.comReutersOct 31, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
