You have accessed this news story:
WTI rallies to a 2019 high on global supply reductions
OPEC output down; US applies sanctions on Venezuela
The WTI front-month contract rose $1.57 last week to settle on Friday at a 2019 high of $55.26/bbl. Prices were buoyed by sanctions on major US crude supplier Venezuela, a surprise drop in inventories, including motor gasoline, and a nearly 1 MMbo/d reduction in OPEC output in January. On Monday, Jan. 28, WTI fell $1.70 to $51.99/bbl. Global economic anxieties weighed down on oil prices that had risen 15% this year. Much of the concern is focused on China, where the economy grew......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!