Wednesday 5 October 2016

CRUDE OIL PRICES HIT FOUR-MONTH HIGH ON OPEC SPECULATION

Crude Oil ProductionCrude oil prices rose yesterday, with Brent hitting four-month highs on a rally inspired by Organisation Of the Petroleum Exporting Countries (OPEC) plans to tighten output before pulling back as a surging dollar weighed on greenback-denominated commodities.

Specifically, Brent crude was up 13 cents at $51.02 a barrel by yesterday. It rose to $51.37 at the session peak and its highest since June 10. Earlier, Brent fell to $50.34. after settling on Monday at $50.89.

Read more @ Guardian NG

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