OPEC Projects Higher Demand Next Year

Posted October 12th, 2017 by QASRoma29032 and filed in General News

Oil prices continued to rise despite surprising increase in US inventory. The market was buoyed by OPEC’s upgrade of the demand outlook. The front-month WTI crude oil contract gained +0.75% while the Brent contract was up +0.58%. Prices of refined oil products also rose with the heating oil and the RBOB gasoline contract rising +1.2% and +1.11% respectively. Precious metals slipped with the benchmark Comex gold contract losing -0.37% and the silver contract down -0.43% for the day.

Read more: 
OPEC Projects Higher Demand Next Year

Leave a Reply

You must be logged in to post a comment.