WTI Crude Breaches US$ 62/bbl In Asia, Making Fresh 3-Year High

Posted January 4th, 2018 by KristopherEck0 and filed in General News

Decline in US inventory offered a boost to oil prices. The front-month WTI crude oil contract rallied to a 3-year high of 61.97 before settling at 60.28, up +2.09%. The Brent contract also rose to as high as 68.03 before ending the day at 67.84, up +1.91%. Fuel prices also strengthened despite stock-builds last week. Precious metals remained firm with gold price gaining for a 9th consecutive day.

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WTI Crude Breaches US$ 62/bbl In Asia, Making Fresh 3-Year High

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