Oil Prices Rise on Ongoing Venezuelan Supply Trouble | Today Commodity Market News Outlook 08 JUNE 2018.
Bullion - Opens on negative Note Gold -31140-31150 Silver - 40330-40340
Energy - Opens on negative Note Crude Oil - 4460-4462 Natural Gas - 197.30-197.50
Base Metals - Opens on negative Note Copper -486.50-486.80 Nickel - 1042-1042.50 Lead -167.70-168 Zinc - 214.60-214.30 Aluminium -155.40-155.50
Oil prices rose on Friday, driven up as Venezuela struggles to meet its supply obligations and by ongoing voluntary output cuts led by producer cartel OPEC.
Brent crude futures , the international benchmark for oil prices, were at $77.45 per barrel at 0051 GMT, up 13 cents, or 0.2 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were up 19 cents, or 0.3 percent, at $66.14 a barrel.
Prices were pushed up by supply trouble in Venezuela, where state-owned oil firm PDVSA is struggling to clear a backlog of around 24 million barrels of crude waiting to be shipped to customers.
Share story
The DAX is down 1.99% while France's CAC 40 is off 1.59% and London's FTSE 100 is lower by 0.97%.
ReplyDeletestock market tips