Demostenes Floros | abo.net
Rising oil prices, up to the highest levels since mid-2015. Trends in light of the 2018 extension of the OPEC / non-OPEC agreement signed in November 2016 and expiring on March 31, 2018
In November, oil prices increased, advancing to their highest levels since mid-2015. In particular, Brent North Sea crude quality opened at $60.44/b and closed at $62.71/b, while West Texas Intermediate blend opened at $54.27/b closing at $57.45/b in the wake of the extension of the November 2016 OPEC/non-OPEC agreement through to end of 2018, which should have expired on March 31st 2018. At the time of writing, Brent was trading at $62.81/b and WTI at $57.10/b.