Venezuela's energy minister Rafael Ramirez said that OPEC might fail to ease oil prices because members couldn't produce much more. "There is a lack of spare production, and this brings nervousness to the market," he added.
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Crude Price Began To Smooth
Crude oil futures eased slightly Thursday after touching above $57
Crude oil futures eased slightly Thursday after touching above $57 a barrel in early trade.
April delivery sweet light crude dropped 6 cents to $ 56.40 per barrel, after climbing to $57.60 a barrel in early trading on the New York Mercantile Exchange.
Meanwhile, on the International Petroleum Exchange in London, Brent crude futures for April delivery rose 18 cents to end at $55.06 a barrel.
Venezuela's energy minister Rafael Ramirez said that OPEC might fail to ease oil prices because members couldn't produce much more. "There is a lack of spare production, and this brings nervousness to the market," he added.
Venezuela's energy minister Rafael Ramirez said that OPEC might fail to ease oil prices because members couldn't produce much more. "There is a lack of spare production, and this brings nervousness to the market," he added.
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