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With the price of oil producing countries .. extend the reduction of production

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rocky
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With the price of oil producing countries .. extend the reduction of production

Post by rocky on Fri 19 May 2017, 6:30 am


With the price of oil producing countries .. extend the reduction of production



19/05/2017


Oil prices rose at the settlement, with the tip top oil producing countries it would extend production cuts to reduce the continuing supply glut in global markets.
The International benchmark Brent crude 30 cents, or 0.5 percent increased to settle at US $ 52.51 a barrel.
US crude was left unchanged, but rose to 28 cents to settle at US $ 49.35 a barrel, its highest close since April 26,.
It rose Van Alkiesaan, on Wednesday, after news of the decline in crude stocks and production in the United States.

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