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[rtl]Date of release: 2018/1/15 10:38 • 67 times read[/rtl]
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The price of Brent crude rose to $ 70 a barrel on Monday, supported by continuing OPEC-Russia production cuts and ignoring the increase in US and Canadian drilling activities, predicting future production growth in North America.
At 0558 GMT, London Brent crude was up 13 cents from the previous close to $ 70 a barrel.
US crude <LCOc1> was up 23 cents at $ 64.53 a barrel.
Both crude reached last week's levels since December 2014, with Brent hitting $ 70.05 a barrel and West Texas Intermediate at $ 64.77.
ANZ Bank said on Monday that oil prices were rising recently due to data showing a narrowing of the gap between supply and demand in the market.
Oil markets derive good support from production cuts led by the Organization of the Petroleum Exporting Countries (Opec) and Russia, which aim to raise crude prices
http://alforatnews.com/modules/news/article.php?storyid=157846
[/rtl]
Oil rises to $ 70
[/rtl][rtl]Date of release: 2018/1/15 10:38 • 67 times read[/rtl]
The price of Brent crude rose to $ 70 a barrel on Monday, supported by continuing OPEC-Russia production cuts and ignoring the increase in US and Canadian drilling activities, predicting future production growth in North America.
At 0558 GMT, London Brent crude was up 13 cents from the previous close to $ 70 a barrel.
US crude <LCOc1> was up 23 cents at $ 64.53 a barrel.
Both crude reached last week's levels since December 2014, with Brent hitting $ 70.05 a barrel and West Texas Intermediate at $ 64.77.
ANZ Bank said on Monday that oil prices were rising recently due to data showing a narrowing of the gap between supply and demand in the market.
Oil markets derive good support from production cuts led by the Organization of the Petroleum Exporting Countries (Opec) and Russia, which aim to raise crude prices
http://alforatnews.com/modules/news/article.php?storyid=157846
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