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OPEC – Oil Market Highlights

Von   /  13. Juni 2017  /  News

Copyright GAS REVIEW

The OPEC Reference Basket fell 4.2% in May to average $49.20/b. Crude futures prices tumbled as supply continue to be plentiful with US output continuing its upward trend this year and despite OPEC and non-OPEC production adjustments. ICE Brent ended 4.5% lower at $51.40/b, while NYMEX WTI dropped 5% to $48.54/b. The Brent-WTI spread widened […]

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