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Oil's month-long rally falters as output cut proof awaited - The Australian Financial Review
The Australian Financial Review | Oil's month-long rally falters as output cut proof awaited The Australian Financial Review Oil is poised for its first weekly decline in more than a month as traders await proof that OPEC and other producers are following through on promises to cut production. Futures slipped as much as 1.4 per cent in New York and were headed for a weekly ... US crude settles at $52.37, posts first weekly loss in five weeks on OPEC output cut concern Oil falls on China concerns, down 3 percent for the week on OPEC doubts Oil futures lose 3% for the week on doubts over OPEC output deal |
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