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OPEC and non-OPEC oil producers will meet again this weekend in Austrias capital to discuss the details of last weeks agreement.

Oil prices rise on US crude stock decline

International Brent crude futures were trading up 4 cents at $53.04 a barrel.

8 Dec 2016 11:34 AM IST

Brent futures slid $1.01 to settle at $53.93 a barrel, while US West Texas Intermediate (WTI) crude futures fell 86 cents to $50.93 per barrel.

Oil falls on output cut skepticism, OPEC output rise

Crude had surged more than 15 per cent in the four sessions since the November 30 OPEC meeting.

7 Dec 2016 7:43 AM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

Oil retreats on doubts OPEC cuts can ease glut

Brent crude settled at $54.94 a barrel, up 48 cents - or 0.88 per cent - before retreating to $54.22 a barrel.

6 Dec 2016 7:49 AM IST