Oil prices reduced as supply overhang concerns grew after a Saudi-Venezuela meeting. From a meeting no signs have emerged between OPEC and non-OPEC suppliers were ready to meet to discuss the price slump.
On Monday, closing crude values have reduced.WTI on NYME closed at $29.69/bbl, reduced by $1.20/bbl compared to last closing prices. Brent on Inter Continental Exchange reduced by $1.18/bbl compared to last trading and was assessed around $32.88/bbl.
