21 Apr '17, 1am

Oil markets remain cautious on record supplies - SINGAPORE (Reuters) - Oil opened the last day of a choppy trad...

Oil markets remain cautious on record supplies - SINGAPORE (Reuters) - Oil opened the last day of a choppy trad...

LONDON Oil held near $53 a barrel on Friday, but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market. Brent futures LCOc1 were at $53.01 a barrel at 1107 GMT, up 2 cents from their last close and set for a 5.15 percent weekly drop, their biggest fall since the week of March 10. U.S. crude futures CLc1, which rolled over on Friday, were at $50.66 a barrel, down 5 cents and on course for a 4.8 percent weekly decline, also the most since March 10. Saudi Arabia and Kuwait, key members of the Organization of the Petroleum Exporting Countries, favour extending their production-limiting deal with non-member producers into the second half of the year. Russia's Energy Minister Alexander Novak, however, declined to say whether the top oil producer would adhere to an extension before a joint...

Full article: http://www.reuters.com/article/us-global-oil-idUSKBN17N04...

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Oil prices dip on bloated U.S. market, mixed Saudi signals - SINGAPORE (Reuters) - Oil prices dipped on Wednesd...

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Mark your calendars.

Mark your calendars.

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