OIL INTELLIGENCE REPÓRT
Oil markets have had a quiet end to the week, with an uneventful OPEC meeting concluding without any recommendations regarding further production cuts. The recent climb in prices appears to have come to an end, with WTI sitting comfortably at $50. Friday, September 22, 2017 Oil prices firmed up this week, holding onto gains following an uneventful OPEC meeting in Vienna. OPEC gathers in Vienna. OPEC met on Friday to consider the possibility of extending the production cuts beyond March 2018. The meeting was uneventful, with no decision taken in regard to recommendations on extending or deepening the production cut deal. The recent uptick in oil prices will provide OPEC members with a bit of confidence as they sort out their next steps, but pitfalls remain for 2018. “The bull run in the oil market is running out of steam as unease builds” Stephen Brennock, analyst at London brokerage PVM Oil Associates, told Reuters on Thursday. While oil markets did not react too negat...