Oil Prices Decline After European markets close Friday Yesterday

PT Equityworld - Oil prices fell on Friday, paring gains made the previous day, as investors turned their attention to the increase in production in the US and away from the commitment of OPEC and other producers to limit global oversupply.

Brent crude traded at around $ 55.01 per barrel shortly after European markets closed on Friday, down 2.17 percent, while US crude was around $ 52.71 per barrel, down 2.01 percent.

In addition to seeing some of the corporate earnings, investors also focused on Washington where Prime Minister U.K. Theresa May met US President Donald Trump. May said on Thursday that it called for strengthening the "special relationship" with the US.

Two other world leaders meet this Friday. Chancellor Angela Merkel of Germany welcomed French President Francois Hollande in Berlin to discuss the future of the European Union.

Data released Friday showed loans to companies and households to move higher in the euro zone at the end of last year.

This afternoon will be released Data Business and Consumer Confidence, as well Services, Economic and Industrial Sentiment January Eurozone are expected to rise.

the analysis estimates that the European market will be a positive move if realized positive economic data. Will also look at the issuer's earnings report, Wall Street and the movement of crude oil prices.

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