Oil Monitor

Oil Monitor as of 24 January 2018

WORLD OIL PRICES (January 15-19, 2018 trading days)  

Dubai crude increased week-on-week by US$0.60 per barrel. MOPS gasoline and diesel also increased by nearly US$0.60 and US$0.90 a barrel, respectively.

Reasons for the Adjustment

  • OPEC and its allies expressed in their recent meeting to prolong their partnership even after their production cuts have rebalanced the oil market.


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