For the current week crude oil prices ascertained impulsive. Global equity markets got a boost from an upturn in crude oil on Thursday as the market focused on an upcoming meeting of major oil producers that investors hope could stabilize volatile petroleum markets.
Crude oil futures rose more than 2 percent after Venezuela reaffirmed an oil producers meeting in mid-March that would include Saudi Arabia, Russia and Qatar. Prior to the announcement, oil was down around 3 percent.
On Thursday, closing crude values have augmented.WTI on NYME closed at $33.07bbl, increased by $0.92/bbl compared to last closing prices. While Brent on Inter Continental Exchange increased by $0.88/bbl compared to last trading and was assessed around $35.29/bbl.
