Crude settles higher on OPEC+ expectations, weaker dollar

Crude settles higher on OPEC+ expectations, weaker dollar
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27.11.2020

MOSCOW (MRC) -- Oil futures settled higher Nov. 25 as the US dollar tested multi-year lows and the market increasingly priced in an extension of the OPEC+ production quota into next year, according to S&P Global.NYMEX January WTI settled 80 cents higher at USD45.71/b and ICE January Brent was up 75 cents at USD48.61/b.Oil prices saw a boost from a continued slide in the US dollar. The fr

Full article at mrcplast.com

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