Crude oil prices remained impulsive during the week. At the end of the week oil prices have plunged as the dollar climbed to seven-month highs against a basket of currencies.
Market players have said that oil markets have reached to the end of a considerable downturn as fundamentals are improving and supply and demand are rebalancing.
As per the market predictors, there is considerable uncertainty around the outlook and the implementations of the OPEC agreement, which, if carried through, will impact oil markets moreover analyst, anticipate a solid rise in energy prices in near term.
On Thursday, closing crude values have decreased.WTI on NYME closed at $50.43/bbl, prices have decreased by around $1.17/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $1.29/bbl in compared to last trading and was assessed around $51.38/bbl.
