Home Page : Archive News : February 2017 News : US crude settles at $53.40, up 4 cents, but posts first weekly decline in five weeks

US crude settles at $53.40, up 4 cents, but posts first weekly decline in five weeks

February 18, 2017

Oil was pressured by rising stocks, but hope that an output cut by producers might balance the market capped losses.

Source: http://www.cnbc.com/2017/02/16/oil-firms-as-opec-floats-extended-output-cut-markets-still-bloated.html
 
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