On Thursday oil prices have plunged after a big increase as rising output from the U.S. remained a threat to efforts by other major producers to rebalance the market.
On Thursday, closing crude values have decreased.WTI on NYME closed at $48.75/bbl, prices have decreased by $0.11/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.07/bbl in compared to last trading and was assessed around $51.74/bbl.
