Oil prices under pressure from rising OPEC supplies

01 June 2017, London — Oil prices pared gains reached earlier in the session on Thursday, despite U.S. industry data showing a big drop in crude stocks last week, as the market remains suspicious whether OPEC cuts will be enough to rebalance an oversupplied market. Brent crude oil LCOc1 was up 11 cents at $50.87 […] More »