Crude oil prices up as global supply expected to remain tight

Crude oil prices up as global supply expected to remain tight
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18.01.2022

MOSCOW (MRC) - Oil prices rose on Monday with investors betting that global supply will remain tight, although restraint by major producers was partially offset by a rise in Libyan output, reported Reuters.Brent crude settled up 42 cents, or 0.5%, to USD86.48 a barrel. Earlier in the session, the contract touched its highest price since Oct. 3, 2018, at USD86.71.US West Texas Intermediat

Full article at mrcplast.com

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