The Brent Crude spot price continues its recovery. It is now some 97% higher since the low in January 2016 of US$27/bbl. Recently at the Vienna meeting on November 30th, OPEC confounded sceptics by agreeing to cut production by 1.2m bbls/d which had an equally positive impact supporting oil prices.
Read more about the oil markets in this Oil Price Update
© 2015 - Thu Jul 18 07:56:52 UTC 2019 PwC. PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.