MARKETS AND NEWS Linkups: Oil News Brief/Roundup 2nd February; -The price of OPEC basket of thirteen crudes stood at $29.69 a barrel on Monday, compared with $29.11 the previous Friday, according to OPEC Secretariat calculations.
Brent April crude futures LCOc1 edged down 64 cents, at $35.35 a barrel, while the US West Texas Intermediate (WTI) CLc1 declined 68 cents, at $32.94 a barrel, Reuters reported.
Oil prices fell more than 5 percent and U.S. crude dipped below $30 on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC and Russia on output cuts faded.
In other News:
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BP reports 91 percent plunge in 4th quarter earnings
Russian oil output hits high in January amid OPEC deal speculation
BP loses $6.4bn – but don’t worry, we’re making good progress
Saipem files €759m claim against Gazprom in pipeline dispute
BP shares plunge as profits halve
Stocks Drop as Deepening Oil Rout Hits Earnings
Russia Survives $30 Oil
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