OPEC Projects Higher Demand Next Year
QASRoma29032Oil 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.
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OPEC Projects Higher Demand Next Year
