Crude oil prices remain volatile through the week. On Thursday oil prices have increased as a weekly drawdown in U.S. crude stockpiles helped crude markets recover from OPEC's decision not to set a ceiling for its production.
Presently market is harmonizing. Trends are all fine in terms of supply and demand. Prices have healthier to some extent and market players anticipate that prices will continue to get better, On Thursday, closing crude values have increased.WTI on NYME closed at $49.17/bbl, prices have increased by $0.16/bbl in compared to last closing prices. While Brent on Inter Continental Exchange increased by $ 0.32/bbl in compared to last trading and was assessed around $50.04/bbl.
