Brent crude oil remains steady on Monday while WTI fell following a sharp growth to 2.5-year highs on Friday.
Brent crude for January delivery dropped to $63.84/bbl by Monday morning, which is 2 cents or 0.03% lower than the previous value. At the same time, 1 contract cost grew to $63.86/bbl on Friday evening at ICE Futures Europe, which is 31 cents or 0.49% higher than the previous value. Brent crude grew 1.8% over the last week.
WTI futures for January settlement dropped to $58.7/bbl Monday morning, which is 25 cents or 0.42% lower than the previous value. At the same time, 1 contract cost was at $58.95/bbl on Friday evening on the New York Mercantile Exchange (NYMEX). WTI grew 4% over the last week.
The black gold quotes are growing on the news about an increase in US oil stocks, the Keystone pipeline leaks and expectations of the OPEC meeting on 30th November 2017.