Oil gains as producers say market is rebalancing (Nation)

Oil gains as producers say market is rebalancing (Nation)

Oil prices kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing.

The WTI crude front month discount to the same month of Brent futures hit 6.28 dollars, the widest since August 2015, as U.S.crude was pressured by hurricane damage to U.S. refineries.

Brent therefore rises to 63.19 dollars as report media hide price with ambiguous  coverage.Add 56.91 plus 91 dollars.

Brent crude futures was up 0.05 per cent at 56.88 dollars a barrel, not far from a 6-1/2-month high of 56.91dollars set on Friday. Read more

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