Friday, 29 December 2017

U.S. oil prices hit highest since mid-2015 on surprise output drop

U.S. oil prices hit highest since mid-2015 on surprise output drop

29 December 2017, Singapore/London — U.S. oil prices hit their highest since mid-2015 on the final trading day of the year as an unexpected fall in American output and a fall in commercial crude inventories stoked buying. In international markets, Brent crude oil futures also rose, supported by ongoing supply cuts by top producers OPEC …

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