For the current week crude oil prices have followed mixed inclination on the back of pressured by high U.S. stockpiles, weakening equity markets, and a strong dollar.
As per the report, Deal between OPEC producers and Russia to freeze production was expected to be worthless as Saudi Arabia was the only one with the ability to raise output. Today, Crude oil prices drifted lower in light trade in Asia as many markets shut globally to mark Good Friday.
On Thursday, closing crude values have declined. WTI on NYME closed at $39.46bbl, reduced by $0.33/bbl compared to last closing prices. While Brent on Inter Continental Exchange reduced by $0.03/bbl compared to last trading and was assessed around $40.44/bbl.
