Oil is trading in the green zone

Market news

12 January 2017

Oil is trading in the green zone

This morning, the New York futures for Brent rose by 0.89% to $ 55.59 and WTI rose by 0.57% to $ 52.55. Thus, the black gold prices traded higher as refineries in the United States in the first week of January processed record volumes of oil. This indicates strong demand for fuel. In addition, support to the market had news of the reduction of the supply from Saudi Arabia.

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