Crude Oil Prices Remain Firm; BOC Rate Hike Bets Heightened

Posted January 9th, 2018 by LemuelLxk099855 and filed in General News

Extending another leg of rally, the front-month WTI crude oil contract was only 3 cents below the 2015-high of 62.59 earlier in Asia today. The corresponding Brent contract has also risen to almost the highest level in three years. While US output remained a concern, traders put their focus on the civil protest in Iran and the economic crisis in Venezuela, as well as OPEC’s production cut commitment.

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Crude Oil Prices Remain Firm; BOC Rate Hike Bets Heightened

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