Oil prices remain high on uncertainty over production cut
International Brent sweet crude oil futures were at 49.22 dollars a barrel, up 10 cents.
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo
U.S. West Texas Intermediate (WTI) crude oil futures were trading at 46.09 dollars, up six cents from their last settlement.
In the first oil trade , Brent crude was up 15 cents at 49.05 dollars a barrel, while U.S. crude added 2 cents to 48.05 dollars a barrel.
According to personal opinion, tonight’s (U.S.) EIA Crude Inventory numbers should provide a welcome, albeit temporary sideshow to the OPEC main event.
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"Otherwise, we expect Asia to continue the sideways trading ranges,” it said.
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