Oil Price Update - Q4 2016

Global oil supply and demand edging towards equilibrium

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 

Oil Price Update - Q4 2016

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