Oil has dwindled towards $55 per barrel as traders are wary of OPEC and Russia’s commitment to extend supply cuts beyond March 2018.
Crude oil shifted lower overnight, falling below $55 per barrel.
After a series of arrests of Senior Saudi political and business moguls last weekend, investors are concerned that Saudi Arabia is more risky than previously thought
Oil prices reached $64 per barrel as an anti-corruption crackdown ensues in Saudi Arabia.
Oil marched higher overnight, after Saudi support of the extension of supply cuts until the end of 2018.
Oil prices fell on Friday thanks to a combination of profit-taking and less risk stemming from Kurdistan.
The Organization of the Petroleum Exporting Countries (OPEC) are expecting an increase in demand in 2018