Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering
The Oil & Gas Hub
  • Main
  • News
  • Photo
  • Video
  • Oilfield Jobs
  • Learning Section
  • Oil & Gas Calculator

Oil Prices Stabilize After Latest Three-Year High

2018.01.15
968

Oil prices were little changed in early Asian trading after hitting fresh three-year highs Friday.

February light, sweet crude on the New York Mercantile Exchange was recently up 0.1% at $64.39 a barrel in the Globex trading session. March Brent fell 3 cents to $69.84.

Oil's strong run has been supported by optimism about global markets rebalancing. But the rally is now beginning to raise concerns about whether major oil producers may begin to not cap production as much as they've agreed to. That as active US oil-drilling rigs rose more than 1% last week.

Related Posts

Weekly Energy Digest - May 20th,2025
2025.05.21
555
Weekly Energy Digest - May 20th,2025
The US-China tariff agreement gave a boost to oil prices this week, which was somewhat dampened late…
Weekly Energy Digest - May 13th,2025
2025.05.14
715
Weekly Energy Digest - May 13th,2025
After a week of volatility, oil prices settled higher, as trade tensions between top oil consumers C…
Weekly Energy Digest - May 6th,2025
2025.05.06
841
Weekly Energy Digest - May 6th,2025
Oil benchmarks declined for most of the week, with fears of further OPEC+ output cut rollbacks compo…
Weekly Energy Digest - April 30th,2025
2025.04.30
864
Weekly Energy Digest - April 30th,2025
Oil prices fell for the week on the back of OPEC+ members’ discussion about an additional supp…
Market quotes are powered by TradingView.com
© Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering, 2025
ADVERTISE  | Contact Us  | Privacy Policy  
Made in studio Zuber