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Crude oil prices retreated for three days in a row. After initially rising to 18-month high of 55.24, the front-month WTI crude contract reversed gains and ended the day at 52.33, down -2.59%. Settling at 55.47, the front-month Brent crude contract also plunged -2.38%, after rising to 58.37 earlier on Tuesday. Traders took profit as the OPEC/non-OPEC output cut would take effect on Sunday.


from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-prices-dropped-ahead-of-beginning-of-output-cut--2017010434046/
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