Commodity Closing – Europe/Oil-Gas Majors 16.11.18
NEW YORK – Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries (OPEC) and its allies would agree to cut output next month. However, despite this prices were set to for a weekly drop on underlying concerns that the global market was oversupplied. Meanwhile according to KEMP, global oil markets are increasingly over-supplied with light distillates, such as gasoline, while there are not enough middle distillates, such as diesel, which has opened a big price differential between the two fuels.
| NYMEX Crude Oil |
56.71 USD
|
+0.25
|
+0.44% | |||
| ICE Brent Crude |
66.96 USD
|
+0.34
|
+0.51% | |||
| NYMEX RBOB Gasoline |
1.58 USD
|
+0.02
|
+1.26% | |||
| Dubai Crude Spot |
64.91 USD
|
-0.24
|
-0.37% | |||
| ICE Gas Oil |
633.50 USD
|
-4.25
|
-0.67% | |||
| NYMEX No2 Heating Oil |
2.08 USD
|
+0.00
|
+0.12% | |||
| NYMEX Nat Gas |
4.24 USD
|
+0.20
|
+4.65% | |||
| ICE NBP Nat Gas |
71.65 GBP
|
-2.95
|
-4.12% |