


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! |