Crude oil prices have followed volatile inclination through the week. Oil prices are expected to remain relatively flat until a closely-watched meeting in Doha on April 17, when Russia, Saudi Arabia and two other OPEC producers could freeze production at their respective levels from January.
Today Crude oil prices rebounded in Asia from a sharp overnight selloff on growing supply as investors look ahead to US. In the mid of week crude oil prices jumped on hopes for an agreement among exporters to freeze output underpinned the market, although persistent global oversupply and Iran's plans to boost production pressured physical oil prices.
While, on Thursday, closing crude values have declined.WTI on NYME closed at $37.26bbl, declined by $0.49/bbl compared to last closing prices. While Brent on Inter Continental Exchange plunged by $0.41/bbl compared to last trading and was assessed around $39.43/bbl.
