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Market Update

  • Thursday 27 July 2017:Crude oil prices moved higher again yesterday as the market saw a drop in U.S. stocks and renewed commitment of major producers to limit output as price supportive

  • Thursday 27 July 2017:Crude oil consolidated recent gains with Brent gaining a further 77 cents to settle at $50.97 a barrel while WTI gained 86 cents to $48.75 on the NYMEX

  • Thursday 27 July 2017:The problem at the Kollsnes processing facility continued to restrict Norwegian supply yesterday with no definite news of a resolution

  • Thursday 27 July 2017:The spot price gained just 0.45p on the day but the day ahead contract was up by 1.45p and the week ahead contract for the first week of August gained 0.80p

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