ICBC Global Market: Oil and Other Commodities Market Update - November 3, 2016
Oil prices tumbled on Wednesday as the OPEC had not reached consensus on output freeze and U.S. crude stocks posted a record weekly build. The front-month in WTI settled down 1.77 percent to $45.51 a barrel. The front-month in Brent crude futures closed 1.71 percent lower to $47.08 a barrel. The spread between the two benchmarks stood at $1.57 a barrel.
