Source: Reuters
Author: Ksenia Kochneva
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Oil Below $47 in Asia
Oil edged down below $47 a barrel on Friday ahead of OPEC's meeting this weekend which pushed prices up by more than 11 percent in the previous session, Reuters reported
U.S. light crude for April delivery fell 43 cents a barrel to $46.60 a barrel, having jumped $4.70 on Thursday to settle at $47.03, erasing the previous two sessions' losses.
London Brent crude was 54 cents down at $44.55.
The market is eyeing OPEC's meeting on Sunday, waiting to see if ministers will decide further cuts or call for stricter compliance, which seems to be the preferred option for influential member Saudi Arabia.
Source: Reuters
Author: Ksenia Kochneva
Source: Reuters
Author: Ksenia Kochneva
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