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ICBC Global Market: Oil and Other Commodities Market Update - November 4, 2016
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Oil prices settled down on Thursday as investors reeled from a record weekly surge in U.S. crude inventories, and remained skeptical about whether OPEC can actually implement its planned output cap, despite that an attack on oil pipe in Nigeria provided a floor. The front-month in WTI settled down 1.85 percent to $44.67 a barrel. The front-month in Brent crude futures closed 1.70 percent lower to $46.28 a barrel. The spread between the two benchmarks stood at $1.61 a barrel.
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（2016-11-04）
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