Friday, January 12, 2018

Oil is boiling

Oil topped $70 a barrel in London for the first time in three years, as production cuts by OPEC and rising demand globally.

Brent crude futures, rose as much as 1.2 per cent to the highest since December 4, 2014. Prices rallied after the longest stretch of declines in US inventories during winter in a decade.Brent for March settlement advanced to $69.90 a barrel on the London-based ICE Futures Europe exchange. 

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