Oil markets range-bound as supplies remain plentiful amid OPEC-led cuts

01 February 2017, Singapore — Oil dipped on Wednesday, weighed by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow range that has bound the market since late January. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.48 per barrel at 0140 GMT, down 10 […] More »