Oil benchmarks quotes slightly move in different directions after an active growth last week. These oil trends established amid the expectations of OPEC+ agreement future, after Saudi energy minister, Khaled al-Falih had stated the need extend oil cuts.
January Brent futures were 12 cents or 0.19 % down, at 62.6 on Monday morning. At the end of ICE Futures trading session on Friday evening, the contracts price went up by $1.36 or 2.22% , to $62.72 a barrel. Brent price declined by 1.3% for week ended November 17th.
December WTI futures were 0.6 cents or 0.11% up, at 56.61 on Monday morning. The contract price rose by $1.41 or 2.56%, to $56.55 a barrel at the end of NYMEX trading session on Friday evening. December WTI contracts expire on Monday. WTI price declined by 0.3% for week ended November 17th.
Remember, OPEC + agreement expires on March 31st, 2018. The decision on oil cuts extension should be announced at the meeting in Vienna on November 30th.