American Petroleum recorded fall on Friday

Despite the supply reduction seem to materialize in the main producer countries, due to the proposed agreement by OPEC, the American oil recorded fall this Friday, December 16. Crude oil futures contracts for January fell 0.16%, to $50.83, barrel.

However, the futures market London, Brent contracts maturing in February recorded slight 0.19% high, quoted at $54.12, barrel. In addition, Kuwait reported on Thursday, which will also reduce the supply of oil from January, adhering to the initiative from OPEC to stabilise the market.

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