US Production Slipped for the First Time Since October

Posted December 29th, 2017 by SangMorismhk and filed in General News

Crude oil prices rebounded on decline in US inventory and a surprising drop in US production. The front-month WTI contract added +0.34% while the Brent contract was up +0.42%. Gasoline and heating oil contracts also climbed higher despite inventory gains. Precious metal rose across the board as supported by weakness in US dollar and Treasury yields.

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US Production Slipped for the First Time Since October

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