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, oil prices are rising due to OPEC cuts[/size]
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Twilight News
7 hours ago
, oil prices are rising due to OPEC cuts[/size]
Twilight News
7 hours ago
Twilight News / Oil futures rose on Tuesday after data showed that hedge funds bet record amounts on Khami the North Sea and the US because of production cuts led OPEC to reduce supply.
The futures rose to global crude measurement Brent 50 cents to $ 56.58 a barrel by 0930 GMT.
And increased crude West Texas Intermediate US 50 cents to $ 53.90 a barrel, after increasing 0.5 percent in the brief hearing on Monday, a public holiday in the United States.
Investors are now kept crude futures contracts and options than ever after members of the Organization of Petroleum Exporting Countries has pledged to countries (OPEC) last year to reduce production.
Data from the Intercontinental Exchange on Monday showed speculators boosted their bets on the rise of the global London Brent crude prices to a record level with OPEC to reduce production and leading exporters.
The US data showed that bets on the rise of US crude oil prices hit a record high.
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