Wednesday 4 January 2017

OIL HITS 18-MONTH HIGH AT $58PB AS OUTPUT CUT BEGINS


Crude oil price rose to an 18-month high of $58.37 on the first day of trading in 2017, yesterday. This followed anticipations anchored on a possible deal between members of the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC members, which could lead to cut in production.

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