Crude oil prices up by around 2% on strong US demand, falling crude stockpiles and upbeat Fed outlook

Crude oil prices up by around 2% on strong US demand, falling crude stockpiles and upbeat Fed outlook
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17.12.2021

MOSCOW (MRC) -- Oil prices rose around 2% on Thursday, as record US implied demand, falling crude stockpiles and an upbeat economic outlook from the Federal Reserve trumped fears of the Omicron coronavirus variant hurting global consumption, reported Reuters.Crude and other risk assets such as equities also got a boost after the Fed gave an upbeat economic outlook, lifting investor spirit

Full article at mrcplast.com

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