Oil is trading higher

Market news

19 December 2016

Oil is trading higher

This morning, New York futures for Brent rose 0.69% to $ 55.59 and WTI increased in value by 0.83% to $ 53.39 per barrel. Thus, the black gold is continuing gains on news of production cuts by OPEC countries and countries outside the cartel after nearly a year of negotiations.

Ifo German business morale rose in December - Reuters

China's Iron-Ore futures Tumble 7.2% Monday On Supply-Glut Fears

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