Economic news

Oil prices stay just below two-year peak

Crude prices firmed just below two-year peak on Thursday, boosted by supply cuts by OPEC and other main exporters headed by Russia.

Benchmark Brent crude oil was flat at $63.49 per barrel. On Tuesday, Brent scaled an intra-day peak of $64.65, its top since June 2015.

U.S. light crude WTI was firm at $56.81, near more than two-year peak of $57.69 per barrel.

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  • avatar-6228
    George Jk
    • #

    In my opinion, until the summer of 2018, we should expect the stable upward trend. During this period massive Saudi Aramco IPO is planned. The Saudis need high oil prices for this

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