Oil Firms as US Economy On Track. Focus Turned to Asia Pacific This Week

Shrugging off the disappointing headline nonfarm payrolls in the US, financial markets moved steadily on Monday. Crude oil prices climbed higher amidst speculations that OPEC aims at lifting oil prices to US$ 70/bbl. Currently trading at US$ 55.7/bbl and US$ 62.15/bbl respectively, both the front-month WTI and Brent contracts rose to the levels not seen since 2015 last week. Hopes that oil prices might rise to US$ 70/bbl...

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Oil Firms as US Economy On Track. Focus Turned to Asia Pacific This Week