Oil prices dip as doubts remain over OPEC supply cuts

Rate Range Projection by Bank

Next week 112.00 – 114.00

Next 3 months 108.00 - 117.50

Saudi Arabian Energy Minister Khalid Al-Falih continued to express concern about high global inventories," ANZ said in a note. "However, he did reiterate that the market is currently going in the right direction and fundamentals had improved

If crude inventories remain high, the Organization of Petroleum Exporting Countries (OPEC) could extend its oil output cut deal, the Saudi energy minister said on Thursday