OIL PRICES

 

Oil Markets Ease As Traders Look To OPEC Decision

Crude oil prices eased early last week as traders looked to the outcome of OPEC’s ministerial meeting on 14 June amid worsening economic indicators. OPEC’s decision to hold its output target steady was widely anticipated, despite diverging views among members. Writing in >Petroleum Politics and Economics, published by Barclays Capital on 13 June, chief analyst Paul Horsnell said the...