Wednesday, December 27, 2017

OIL PRICE HIGHEST SINCE 2015

Oil is poised for a fourth straight monthly advance as the Organization of Petroleum Exporting Countries and its partners including Russia cut output and promise to continue doing so through the end of next year. In the U.S., a rising rig count has slowed. Oil rigs are holding at 747 with no rigs added last week, according to Baker Hughes data Friday.
West Texas Intermediate crude neared $60 a barrel as futures in New York and London reached the highest in more than two years.

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