CommoPlast

Oil tumbled on Thursday

Oil tumbled on Thursday



International benchmarks for oil prices continue to fall on Thursday (1 September) as market refocused on the supply levels after US crude inventories report on Wednesday. Market has been exciting about the informal OPEC meeting end of September 2016, however many are skeptic about and solid result could be achieved.

WTI closed at $43.16/barrel (-$1.54) October delivery

Brent closed at $45.45/barrel (-$1.44) October delivery