Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC-led production cuts.
International Brent crude futures were at $65.47 per barrel, down 39 cents, or 0.6%, from their last settlement. Brent had dropped to as...
OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at Goldman Sachs.
The 14-nation producer group and its allies led by Russia set out to balance the market after...