EnergyWatch

Trump sends oil prices down

Expectations about increased US oil production after the exit from the climate plan has sent both of the huge reference oils down under USD 50 per barrel.

Photo: NEXEN

The US retreat from the global climate deal has been launched. While there is broad agreement that the long-term consequences of Trump's move is yet to be seen, it has had an immediate impact on the oil price.

US reference oil WTI, was handled at USD 0.87 lower than the day before, at USD 47.46 per barrel, while European Brent also smoked under the USD 50 market. With a decline of 80 cent, from dawn the price has landed at USD 49.75 per barrel.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Baltic Pipe faces three-month delay

Danish TSO gets permission to resume pipe-laying efforts for most of the gas project, but other sections are postponed to next year. A "large portion" of the gas is expected to flow next year.

Further reading

Related articles

Latest News

See all jobs