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price of a barrel of oil exceeds $ 67 for the first time since the summer of 2015[/size]
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Twilight News
2 hours ago
price of a barrel of oil exceeds $ 67 for the first time since the summer of 2015[/size]
Twilight News
2 hours ago
Oil prices peaked at a two-and-a-half year high in light trade on Tuesday, boosted by a pipeline bombing in Libya and OPEC-led voluntary supply cuts.
Global Brent crude futures rose 2.64% and oil prices exceeded $ 67 a barrel for the first time since May 18, 2015.
A Libyan oil source said that Libya had lost about 90,000 barrels per day of crude oil because of the bombing of a pipeline feeding the port of Sidr. He added that the National Oil Corporation is still assessing the damage.
Brent has risen 47% since mid-2017. Russia and the Organization of the Petroleum Exporting Countries (OPEC) are curbing production to reduce the gap between market supply and demand and price support.
The cut-off agreement came into effect last January and is scheduled to last until the end of 2018.
Global Brent crude futures rose 2.64% and oil prices exceeded $ 67 a barrel for the first time since May 18, 2015.
A Libyan oil source said that Libya had lost about 90,000 barrels per day of crude oil because of the bombing of a pipeline feeding the port of Sidr. He added that the National Oil Corporation is still assessing the damage.
Brent has risen 47% since mid-2017. Russia and the Organization of the Petroleum Exporting Countries (OPEC) are curbing production to reduce the gap between market supply and demand and price support.
The cut-off agreement came into effect last January and is scheduled to last until the end of 2018.
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