Oil prices steady but set for third week of gains
Opec+ is likely to officially extend supply cuts for another three months at a December meeting
22 November 2019 - 14:06
London — Oil prices held near two-month highs on Friday and were set for a third consecutive week of gains, boosted by expectations of an extension to oil cartel Opec (and other participating producers, known as Opec+) production cuts although doubts over US-China trade talks capped gains.
Brent crude futures dropped 6c to $63.91 a barrel by 9.08am GMT, while West Texas Intermediate (WTI) crude futures fell 21c to $58.37 a barrel...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.